On Sep. 27, MN INS reported approval of 2025 health insurance rates.
MN INS approved 2025 rates for individual and small group health insurance plans.
Health insurance rates are for 2025 plans available beginning on Nov. 1, 2024.
2025 Rates
Announced approval of 2025 rates for Minnesotans who buy small-group and individual health insurance either through MNsure or directly through their health insurer.
Individual market average increases range from 1.95% to 11.56% across five plans.
Small group plan average rate changes range from 6.29% decline - 15.82% increase.
Minnesotans will continue to have at least two insurance carriers offering individual market plans in every county, with most having three or four carriers to choose from.
Every county will also have at least 30 health plan options for individual buyers.
The plans available during open enrollment for 2025 include provisions passed in law to lower consumers’ health care costs and also simplify the shopping experience.
MNsure tax credits available to help eligible individuals/families purchase coverage.
Effectiveness
Open enrollment for 2025 begins Nov. 1, 2024, and runs through Jan. 15, 2025.
Regulators
MN INS
Entity Types
Ins
Reference
PR, 9/27/2024
Functions
Actuarial and Valuation; Claims/Accelerated Benefits; Compliance; Financial; Legal; Operations
