MNsure sets Enrollment Record with 117,654 Minnesotans Enrolled in Private Coverage During the 2017 Enrollment Period Enrollment 34 Percent Higher than Last Year
Web posted February 14, 2017
Minnesota set a new enrollment record, with a total of 117,654 enrollments in the individual marketplace during the 2017 open enrollment period and proceeding one-week special enrollment period. Approximately 47 percent of MNsure’s private plan enrollees are new to the exchange for 2017.
About 64 percent of MNsure enrollees are receiving tax credits, which averages about $621 per month, or $7,457 per year. “We are enrolling people at historically high levels,” said MNsure CEO Allison O’Toole. "When more Minnesotans are covered, our state is healthier and our economy is stronger." Additionally, Minnesota also set a record for public program enrollments during open enrollment with 33,369 Minnesotans newly enrolled in MinnesotaCare and 114,511 newly enrolled in Medical Assistance.
Special Enrollment Period + Premium Relief Bill—
At the end of January, Minnesota lawmakers pass a premium relief bill that provides an automatic 25 percent reduction in health insurance premiums for the more than 125,000 Minnesotans who faced significant premium increases in the individual market. In response, MNsure announced a one-week special enrollment period to give Minnesotans more time to enroll into coverage.
"Minnesota has the highest rate of health coverage in state history, said O'Toole. "We have one of the best rates in the nation—with 96% of Minnesotans are protected from crushing medical bills and ailments. Let's not take Minnesotans backwards"
BY THE NUMBERS:
Private health plan enrollments: 117,654
Public Program enrollments: 147,880
Total enrollments: 265,534
Percentage receiving tax credits: 64%
Average monthly tax credit: $621
Average yearly tax credit: $7,457
Projected amount Minnesotans will save through tax credits in 2017: $372,343,933.08
The 2017 open enrollment period began on November 1, 2016, and ended on January 31, 2017. Minnesotans eligible for Medical Assistance or MinnesotaCare can enroll year round. As of February 2016, 96 percent of Minnesotans have health coverage— the highest percentage in state history.
Northland Press | P.O. Box 145 | Outing, MN 56662 | (218) 692-5842