Most Minnesotans qualify for financial help. You may qualify for tax credits or a low-cost or free plan. The amount of financial help is based on a sliding scale, so the lower your income, the higher the amount of assistance.
No. MNsure remains the only place where consumers can qualify for financial help either through a federal tax credit or cost-sharing reductions or the MinnesotaCare and Medical Assistance programs to help pay the cost for their health insurance plan.
To get an official determination you must submit an application WITH financial help to see if you are eligible for tax credits, cost-sharing reductions, or Medical Assistance or MinnesotaCare.
Only on MNsure can Minnesotans compare plans from multiple health insurance companies all in one place. Minnesotans who compare plans from different health insurance companies through MNsure are often able to find comparable plans at reduced prices, as well as see all costs associated with a particular plan, such as co-pays, deductibles and out-of-pocket maximums.
To get an official determination you must submit an application WITH financial help to see if you are eligible for tax credits:
Yes, you can enroll during the annual open enrollment period. However, access to employer-sponsored insurance (ESI) can impact your eligibility for financial help depending upon what it costs for you and what your household income is. Read more about ESI.
You cannot drop coverage and choose a MNsure plan outside of the annual open enrollment period unless you qualify for a special enrollment period.
It's your choice. We anticipate that most people will choose to receive the tax credit monthly. The monthly option works this way:
This is sometimes known as APTC, "advance payments of the premium tax credit" or premium tax credit. You qualify for APTC depending on your household size and income. These tax credits can be used to lower monthly premium costs. If you qualify, you may choose how much advance credit payment to apply to your premiums each month, up to a maximum amount.
See more about tax credits.
A tax credit lowers your monthly private health plan insurance premium costs. MNsure will apply the full amount available to you towards the cost of your premium unless you have indicated otherwise. The cost-sharing reductions are a discount that lowers the amount you have to pay out of pocket for deductibles, co-insurance and co-payments.
Your eligibility for a tax credit or cost-sharing reductions is based on the most recent information that you reported to MNsure. Be sure to report changes and submit any requested proof as soon as possible. If you submit information that is not truthful or accurate, your private plan coverage may be terminated and you may have to repay any payments that you are not entitled to, including advance payment of premium tax credits.
If an advanced premium tax credit was applied to your coverage in a previous year to help pay for coverage and you have not filed a tax return with IRS Form 8962 for that year, you will no longer be eligible for advanced payments of the premium tax credit or cost-sharing reductions. You should file a tax return as soon as possible, including a completed IRS Form 8962.
You should have received a Form 1095-A – Health Insurance Marketplace Statement from MNsure to help fill out Form 8962 and file your federal income tax return for any previous year in which you received tax credits. If you did not receive a copy of this form, call the MNsure Contact Center (1-855-366-7873 or 651-539-2099). After you file your tax return, call the MNsure Contact Center to report that information.
No. The best way to make sure you are getting the best deal for you and your family is to visit MNsure.org during the annual open enrollment period to shop and compare plans.