The Minnesota Legislature has passed, and the Governor has signed a plan to invest $312 million to provide Minnesotans buying insurance through MNsure or elsewhere in the individual market and not receiving federal subsidies with a 25 percent reduction in their monthly premium.

The plan, which was developed in tandem with Minnesota health insurance companies, will be implemented immediately, with relief coming to Minnesotans as early as April.

Here’s how it works:
• If a consumer has not already purchased health insurance, apply online through MNsure and they will find out whether they qualify for advanced premium tax credits (APTC). If they don’t qualify for APTC, MinnesotaCare or Medical Assistance, then they do qualify for a premium rebate.
• If they have purchased coverage through MNsure or elsewhere on the individual market and are not receiving APTC, they’ll see a 25 percent premium rebate reflected on their premium invoice by no later than April 2017. If they qualify, health insurance companies will apply the 25 percent rebate for previous months on future invoices. The consumer does not need to do anything further.
• If they have purchased and enrolled in a health plan and are receiving APTC, or are enrolled in MinnesotaCare or Medical Assistance, this premium rebate does not apply. The premium rebate is only for people enrolled in an private health insurance plan who are not receiving APTC.
If a consumer is eligible, their health insurance company will apply the premium rebate directly to their invoice and will handle the process of seeking reimbursement from the state.