Other view: MNsure disclosure helps sort out puzzleMinnesotans now have the biggest pieces of the puzzle that is MNsure, the state-created health insurance exchange. State leaders released information about premium costs, participating insurers, coverage and provider networks.
By: St. Cloud (Minn.) Times, St. Cloud Times
Minnesotans now have the biggest pieces of the puzzle that is MNsure, the state-created health insurance exchange. State leaders released information about premium costs, participating insurers, coverage and provider networks.
Such details might make it seem like consumers now should be able to easily decide whether this is a good deal for them.
Sorry, not even if you have a blue ox.
Yes, the good news is Minnesota has the lowest average rates compared to other states that released costs. But that does not translate to savings for every Minnesotan.
For starters, remember, MNsure was created under the federal Affordable Care Act primarily to help find health insurance for individuals, small businesses and people already in certain public programs.
Early estimates indicate that’s about 1 million people statewide. Certainly, 1 million is a lot, but that’s not the majority of the state’s 5.5 million residents. Those folks typically are covered through large employers and large government programs like Medicare.
If you are eligible or even just curious about what’s being sold, the information released recently by the state should be viewed as a starting point.
Please know that this will take some effort on your part. There are five insurers selling 141 different plans through the exchange. Enrollment opens Oct. 1 with coverage starting Jan. 1. And again, in citing why it was built, about half of participants will qualify for tax credits to help defray costs.
In fact, whether you are eligible for assistance is one of a handful of key factors the Kaiser Family Foundation, a nonpartisan health policy research organization, says is critical to understand in doing your shopping.
Other factors include: