MN INS 2025 Health Insurance Rates


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
Countries United States of America
Category
State
Products Insurance; Insurance-Health
Regions Am
Rule Type Final
Rule Date 9/27/2024
Effective Date 11/1/2024
Rule Id 228272
Linked to N/A
Reg. Last Update 9/27/2024
Report Section US Insurance

Last substantive update on 10/03/2024