MNsure rates will rise, but federal tax breaks will save Minnesotans money

ST. PAUL - Rates for individuals who buy health insurance on MNsure, the state-run marketplace, will rise between 4.3 and 11.3 percent, the Minnesota Department of Commerce said Friday, Oct. 1.

However, many Minnesotans will ultimately pay less in premiums thanks to tax credits from the American Rescue Plan passed by Congress in March. MNsure estimates that families that buy insurance through the marketplace will save $684 on average.

"Most MNsure enrollees who qualify will see significant savings in 2022, making it the best year for consumers to take another look to see how much they can save," said MNsure CEO Nate Clark said in a statement.

https://www.grandforksherald.com/newsmd/policy/7221878-MNsure-rates-will-rise-but-federal-tax-breaks-will-save-Minnesotans-money