Minnesota families who get their health insurance through the state-run MEnsure exchange will save an average of $684 per year and have more plans to choose from in 2022, officials said Friday.
The Minnesota Department of Commerce and MEnsure released information about rates and options for 2022 ahead of open enrollment, which begins November 1.
He said the average premium would be lower because more Minnesotans than ever before would be eligible for tax credits to lower their costs, thanks to federal stimulus funds.
MnSure CEO Nate Clark said in a statement, “Most MEnsure enrollees who qualify will see significant savings in 2022, making it the best year for consumers to once again see how much they can save. can.”
Each county in Minnesota will have at least two insurers offering individual market plans, with three or more insurers in all seven counties. And each county will have at least 22 different plan options in the individual market.
The individual health plan market serves people who do not have employer-based coverage and are not eligible for Medicare or Medicaid. About 3 percent of Minnesotans, or 163,000 people, have individual health insurance plans, including 107,000 who get coverage through MNsure. About 4 percent of Minnesotans are uninsured.