The Minnesota Health Insurance Exchange, also known as MNsure, recently completed its rate reviewing process for the insurance policies it will be selling through its online exchange beginning October 1. In total, 141 plans were approved: 78 individual plans and 63 small group plans, and every plan saw a reduction in rates varying from 4% to 37% lower than the original filings. Minnesota is one of the 31 states that can deny requested rates based upon whether the rates are justified, which helped in lowering the rates.
Starting in 2014, as part of the Affordable Care Act (ACA), health insurance coverage for individuals and small businesses will become available through new state health insurance marketplaces. Minnesota will offer a state-based exchange. The exchange will open in October 2013 (for coverage starting in January 2014) under the name MNsure (www.mn.gov/hix).
Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. Zane Benefits, Inc. does not sell health insurance.