On Thursday, March 11, President Biden signed the American Rescue Plan, which includes several key health care provisions to the Affordable Care Act that will expand benefits available to Minnesotans through MNsure.
This includes an increase in the amount of tax credits MNsure enrollees receive to help them pay for their premiums, and an expansion of tax credits to middle-income Minnesotans who previously fell outside income thresholds for financial help.
This increase in benefits means Minnesotans who purchase health insurance through MNsure will be able to find a plan with premiums that cost no more than 8.5% of their household income.
“We welcome this great news, which will make health care coverage more affordable,” said MNsure CEO Nate Clark. “Every Minnesotan who currently receives tax credits through MNsure will see additional savings, and thousands more Minnesotans who weren’t eligible to receive financial help before will now be able to access tax credits that can significantly reduce the cost of their health insurance.”
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