Private Vs. Mnsure Insurance: What's The Difference?

MNsure is Minnesota's health insurance marketplace, where individuals and families can shop for, compare, and choose health insurance coverage that meets their needs. It is not an insurance company or public assistance. Private health insurance, also known as qualified health plans (QHPs), is coverage offered by private insurance companies on the MNsure marketplace. MNsure offers a range of health insurance options, including Medical Assistance, MinnesotaCare, private insurance with financial help, and private insurance without financial help. Private health insurance typically involves paying a monthly premium and may include a deductible, co-pays, and other out-of-pocket costs. MNsure provides a platform for Minnesotans to explore different private health insurance plans and potentially receive financial assistance to lower their insurance costs.

Private insurance is offered by private insurance companies on the MNsure marketplace

MNsure is Minnesota's health insurance marketplace. It is not an insurance company or public assistance. Instead, it is a place where individuals and families can shop for, compare, and choose health insurance coverage that meets their needs.

When you opt for private insurance through MNsure, you pay a premium each month to continue having coverage. You may get a tax credit to help lower the cost of premiums if you qualify. You will receive an insurance card that you will need to show every time you go for medical care. Depending on your plan, you may have a co-pay for some services and a deductible.

MNsure is the only place you can get financial help to lower your costs. All private health plans sold through MNsure are guaranteed to cover the same core set of benefits, including preventive services, mental health and substance abuse services, emergency services, prescription drugs, and hospitalization. These plans also include important consumer protections, such as no discrimination based on pre-existing conditions and no lifetime limits on coverage.

Plans available outside of MNsure may not include the same benefits and protections. It is important to note that MNsure does not set premium prices; premium rates are submitted by insurance companies and reviewed and approved by the Minnesota Department of Commerce.

MNsure is Minnesota's health insurance marketplace

MNsure is the only place where Minnesotans can get financial help to lower the cost of their insurance. Most Minnesotans who enrol through MNsure qualify for financial help. This includes low-cost and free health insurance options provided through government-sponsored health insurance programs such as Medical Assistance and MinnesotaCare.

Medical Assistance is a government-funded health program that helps people with low incomes. It covers low-income Minnesotans, including children and pregnant women, as well as people with disabilities. There is no monthly premium for Medical Assistance, and enrolment is available year-round.

MinnesotaCare is also a government-funded health program, but it is for lower-income Minnesotans who do not qualify for Medical Assistance. It has low monthly premiums determined by income and family size, and enrolment is available year-round.

Private health plans (also known as qualified health plans) are offered by insurance companies through MNsure. Financial help is available for these plans depending on income, household size, and the cost of insurance in the area. All private health plans sold through MNsure include important consumer protections, such as no discrimination based on pre-existing conditions and no lifetime limits on coverage.

MNsure provides a one-stop shop to compare and enrol in health insurance plans, with free enrolment help available through a statewide network of certified navigators and brokers.

MNsure is the only place to get financial help to lower insurance costs

MNsure is Minnesota's health insurance marketplace, where individuals and families can shop for, compare, and choose health insurance coverage that meets their needs. It is not an insurance company or public assistance. Instead, it is a store where you can purchase health insurance. MNsure offers four products: Medical Assistance, Minnesota Care, private insurance with financial help, and private insurance without financial help.

MNsure is the only place you can get financial help to lower your insurance costs. All private health plans sold through MNsure are guaranteed to cover the same core set of benefits, including preventive services, mental health and substance abuse services, emergency services, prescription drugs, and hospitalization. These plans also include important consumer protections, such as no discrimination based on pre-existing conditions and no lifetime limits on coverage. Plans available outside of MNsure may not include the same benefits and protections.

When deciding on a health insurance plan, it is important to consider the different options available to you. If you are eligible for public health coverage options, such as Medical Assistance (MA) or MinnesotaCare, these are usually your best choice as they cost less. MA is a major government-funded health program that helps people with low incomes, while MinnesotaCare is a similar program for those who earn too much to qualify for MA.

If you are not eligible for public health coverage, you may want to consider getting an individual plan through MNsure. MNsure is the easiest place for most people to shop for an individual plan and the only place where you can get financial help from the government to pay for your private insurance if you qualify. The government may help you pay your monthly premium through a tax credit, and if your family's income is below a certain threshold, they will also help you get a plan with lower copayments and other expenses. It is important to note that there is no income limit for getting subsidies, and MNsure will consider most types of earned and unearned income when determining your eligibility.

Private insurance is also known as a qualified health plan (QHP)

Private health plans are available with or without financial help. Financial assistance is available depending on your income, household size, and the cost of insurance in your area. MNsure is the only place you can get financial help to lower your costs.

All private health plans sold through MNsure are guaranteed to cover the same core set of benefits, including preventive services, mental health and substance abuse services, emergency services, prescription drugs, and hospitalization. They also include important consumer protections, such as no discrimination based on pre-existing conditions and no lifetime limits on coverage.

When purchasing a private health plan through MNsure, you pay a premium each month to maintain your coverage. You may also be eligible for a tax credit to help lower the cost of premiums if you qualify. After selecting a plan and paying your premium, you will receive a membership packet with your insurance card and a summary of your benefits and coverage.

Private health insurance is an option for those who cannot get health coverage from public programs like Medical Assistance (MA) or MinnesotaCare, or through their employer. It is important to note that MNsure itself is not an insurance company but rather a marketplace where individuals can purchase health insurance plans, including private insurance.

MNsure offers a range of health insurance options, including Medical Assistance and MinnesotaCare

MNsure is not an insurance company but a health insurance marketplace where individuals and families can shop, compare, and choose health insurance coverage that meets their needs. It offers a range of health insurance options, including Medical Assistance and MinnesotaCare.

Medical Assistance (MA) is a government-funded health program that helps people with low incomes. MA covers low-income Minnesotans, including children and pregnant women, as well as people with disabilities. There is no monthly premium for MA, and enrollment is available year-round. Individuals may qualify for MA if their family's income is at or below 138% of the Federal Poverty Guidelines (FPG). MA is also available to those with a disability or elderly status, although there are more eligibility requirements, such as an asset limit and different income rules.

MinnesotaCare is another health insurance option available through MNsure. It is a government-funded health program for lower-income Minnesotans who do not qualify for MA. MinnesotaCare covers individuals and families with incomes above 138% of FPG but at or below 200% of FPG. A key difference with MA is that MinnesotaCare requires enrollees to pay a monthly premium, which is determined by a sliding-fee scale based on family size and income. Enrollment in MinnesotaCare is also available year-round.

MNsure offers a range of private health insurance plans, also known as qualified health plans (QHPs), provided by private insurance companies. These plans are guaranteed to cover a core set of benefits, including preventive services, mental health and substance abuse services, emergency services, prescription drugs, and hospitalization. MNsure is the only place where individuals can receive financial assistance to lower the costs of their insurance premiums and out-of-pocket expenses. This financial assistance is available for both MinnesotaCare and private health plans, depending on income, household size, and the cost of insurance in the area.

Frequently asked questions