10/1/2019 10:05:00 AM
FOR IMMEDIATE RELEASE
ST. PAUL, Minn.—Today, the Minnesota Department of Commerce announced final 2020 health insurance rates. Premiums across the state are remaining stable and every county in Minnesota will have at least two insurers offering coverage in the individual market. Minnesotans looking for coverage should enroll during MNsure's open enrollment period, which begins November 1, 2019.
"MNsure will offer 39 more health plan options in 2020," said MNsure CEO Nate Clark. “Which means more coverage and network choices for Minnesotans across the state."
BluePlus, HealthPartners, Medica and UCare will offer 122 different health insurance plans through MNsure for the 2020 coverage year. Dental plans will be available from Delta Dental and Dentegra. All premium rate information will be available on the Minnesota Department of Commerce website beginning today.
While premiums remain stable, MNsure reminds Minnesotans that tax credits can help lower their monthly premiums.
According to the Department of Health's Health Access Survey (PDF), nearly 75 percent of uninsured Minnesotans—over 250,000 people—in 2017 would have been eligible for financial help through MNsure.
Examples of how tax credits can make premiums more affordable for people around the state can be found here (PDF). Income guidelines for financial help are /shop-compare/financial-help/income-guidelines/index.jspavailable on the MNsure website.
"There is a misconception that most people earn too much to qualify for financial help through MNsure," said Clark. “When the truth is that an individual earning up to $49,960 a year, or a family of four earning up to $103,000 a year, can qualify."
Minnesotans can view available 2020 plans through MNsure starting October 15.
MNsure's seventh open enrollment period runs November 1, 2019, to December 23, 2019. More information can be found on MNsure.org.