The Importance of Health Insurance
Minnesotans have long understood that access to health care in every community means a higher quality of living for all. Health insurance provides regular, preventive care for you and your family to stay healthy and prevent illness. Moreover, health coverage gives you protection and peace of mind if you or a loved one gets sick or hurt.
The last thing any one of us wants to worry about is running up medical bills for necessary care. Medical debt is one of the main reasons people file for bankruptcy. Health insurance helps pay costs when you need care and protects you from very high expenses.
Health Coverage is Required
Most individuals, including your children and anyone else you claim as a dependent on your federal taxes, must have health insurance or pay a penalty. (See exemptions.)
If you are covered by a government-sponsored program such as Medical Assistance (Medicaid), MinnesotaCare or Medicare Part A, you meet the requirement to maintain coverage. If you don't have health insurance coverage or access to coverage either through your employer or a government-sponsored program, you may qualify to purchase a low-cost plan through MNsure. Coverage under a private health plan purchased through MNsure also meets the federal requirement to maintain coverage.
The individual health coverage mandate is required by law through the Affordable Care Act. The requirement to buy health coverage makes sure people don't wait until they have a health problem to purchase insurance. This brings healthy people into the group, creates a larger group of both sick and healthy individuals, and keeps average costs down.