When consumers and small business owners start shopping on the MNsure exchange in October, premium rates will depend on a number of factors — how old you are, whether you smoke, where you live and whether your income qualifies you for public programs or for tax credits that can lower your premium.
Here's an example of the lowest prices available for someone who is healthy, doesn't smoke and lives in the 11-county Twin Cities metropolitan area. It does not include deductibles or other out-of-pocket costs, which vary by health plan.
These rates are for a silver-level plan, in which the insurance company covers 70 percent of health care costs and enrollees pick up the rest.
If you …
Earn less than $15,282, you qualify for Medical Assistance and you have no out-of-pocket expenses, no matter your age.
Earn $15,283 to $22,980, you qualify for MinnesotaCare and will pay $21 to $50 per month.
If you are 25 years old and …
Earn $22,981 to $45,960: $120 to $121. You qualify for premium tax credits.
Earn $45,961 or more: $154. You do not qualify for premium tax credits.
If you are 40 years old and …
Earn $22,981 to $45,960: $120 to $154. You qualify for premium tax credits.
Earn $45,961 or more: $154. You do not qualify for premium tax credits.
If you are 60 years old and …
Earn $22,981 to $45,960: $120 to $327. You qualify for premium tax credits.
Earn $45,961 or more: $327. You do not qualify for tax credits.
Source: Minnesota Department of Commerce
