Federal assistance triples in Minnesota, as health premiums rise
The average subsidy for health plans is $637
Minnesota residents buying health insurance through the state’s exchange are getting more help from the federal government.
MNsure said Tuesday that the average subsidy for health plans is $637, that’s three times higher than last year. That extra financial help is critical with premiums skyrocketing for 2017 coverage.
Only around 57 percent of MNsure shoppers qualify for financial assistance, while the rest pay full price. Those making too much to receive federal subsidies have been the focus of weeks of talk about a potential special session.
Governor Mark Dayton has called for a rebate to offset the costs for those paying full price. Lawmakers and state officials are still discussing how to deliver that aid.
Nearly 30,000 have purchase private insurance since November 1. Open enrollment ends at the end of January.