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Premium Tax Credits

If eligible for the premium tax credit, you can use it to lower your monthly insurance premium when you enroll in a private health insurance plan through MNsure. Premium tax credits can be applied to all private plans except catastrophic and stand-alone dental plans.

Your premium tax credit is based on the income estimate and household information you put on your MNsure application. With some exceptions, you can use all, some, or none of your premium tax credit in advance to lower your monthly premium. More about how premium tax credits work.

New Enhanced Tax Credits

The American Rescue Plan expands benefits available to Minnesotans through MNsure. See frequently asked questions.

On Thursday, March 11, President Biden signed the American Rescue Plan Act, which includes several key health care provisions to the Affordable Care Act that will expand benefits available to Minnesotans through MNsure.

Minnesotans enrolled through MNsure will see an increase in the amount of tax credits they receive to help lower the cost of their premiums. The American Rescue Plan also includes an expansion of tax credits to middle-income Minnesotans who previously fell outside income thresholds for financial help.

Key benefits:

  • Most people already enrolled through MNsure will see savings.
  • People enrolled through MNsure without federal premium tax credits may now be eligible for tax credits.
  • Those currently enrolled in plans outside of MNsure can enroll through MNsure and take advantage of benefits.
  • Uninsured Minnesotans should consider these new cost savings.
  • Current MNsure enrollees will be eligible for a full year of savings, retroactive to their first month of coverage in 2021.

These enhanced tax credits will not be advanceable until later in 2021. This means enrollees will not immediately see any additional savings on their monthly premiums, but can reconcile the savings when filing taxes next year.

Am I Eligible for Tax Credits? 

To be eligible for the premium tax credit, you must not be eligible for public program coverage, and must not have access to affordable minimum essential coverage.

Use the estimator tools to get a quick estimate on your eligibility and potential savings.

To get an official eligibility determination, you must submit an "application WITH financial help.

Frequently Asked Questions

See frequently asked questions tax credits and financial help.

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