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Reminder: Minnesotans Still Required to Have Health Insurance in 2018 or Pay Penalty

1/8/2018 1:53:40 PM

FOR IMMEDIATE RELEASE

ST. PAUL, Minn.—January 14 at midnight is the last day to enroll in 2018 private coverage through MNsure. Minnesotans who do not have health insurance in 2018 and don't qualify for an exemption will still pay a federal tax penalty when they file their federal tax return by the filing deadline.

Most individuals, including children and anyone else claimed as a dependent on federal taxes, must have health insurance or pay a penalty. The individual /new-customers/whatis-mnsure/mandate/index.jsphealth coverage mandate, which requires individuals (without an /new-customers/whatis-mnsure/mandate/exemptions/index.jspexemption) to have health coverage, is still in effect for 2018 — meaning those without coverage in 2018 will pay a penalty.

In 2017, the penalty is the greater of:

  • 2.5 % of the amount of any taxable income that exceeds your tax filing threshold amount, or
  • $695 per adult and $347.50 per child (up to a maximum of $2085).

"It's also important to note that even if someones pays the penalty, they still won't have any health insurance, leaving them responsible for the entirety of their medical care for the year," said MNsure CEO Allison O'Toole.

Health insurance provides regular, preventive care for Minnesotans and their families to stay healthy and prevent illness. Moreover, health coverage gives Minnesotans protection and peace of mind if they or a loved one gets sick or hurt.

Statewide, Minnesota households are saving on average more than $7,000 per year off their premiums by enrolling through MNsure.

Minnesotans covered by a government-sponsored program such as /shop-compare/financial-help/ma-mncare/index.jspMedical Assistance (Medicaid), MinnesotaCare or Medicare Part A, meet the requirement to maintain coverage.

For more information on the /new-customers/whatis-mnsure/mandate/index.jsphealth coverage mandate, please visit MNsure.org.

The 2018 open enrollment period is November 1, 2017 to January 14, 2018. Ninety-six percent of Minnesotans have health coverage--the highest percentage in state history. This year, an individual earning up to $48,240 a year, or a family of four earning up to $98,400 a year could qualify. More information can be found at MNsure.org.

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