On Thursday, March 11, President Biden signed the American Rescue Plan Act of 2021 which includes several key health care provisions to the Affordable Care Act that will expand benefits available to Minnesotans through MNsure. This includes an increase in the amount of tax credits MNsure enrollees receive to help them pay for their premiums and an expansion of tax credits to middle-income Minnesotans who previously fell outside income thresholds for financial help. This increase in benefits means Minnesotans who purchase health insurance through MNsure will be able to find a plan with premiums that cost no more than 8.5% of their household income.
- Most people already enrolled through MNsure will see savings.
- People enrolled through MNsure without federal premium tax credits may now be eligible.
- Minnesotans who received unemployment income for at least one week in 2021 may qualify for extremely low-cost health insurance.
MNsure enrollees will be eligible for a full year of savings, retroactive to their first month of coverage through MNsure in 2021. The enhanced credits will be available in advance for the entire 2022 coverage year.