WHY COME BACK TO MNSURE.ORG TO SHOP?
Every year, insurance companies can decide what products they will offer on MNsure. From year to year, those products may change. Under federal and state law, insurance companies are required to renew you into the same plan you had last year. However, the price for that plan may have gone up and insurance companies are not required to offer you any financial help. The only way to qualify for financial help like tax credits, cost-sharing reductions or low/no cost plans is to shop and compare directly on MNsure.org.
WHAT IS MNSURE OPEN ENROLLMENT?
MNsure open enrollment starts Sunday, November 1, 2015 and ends Sunday, January 31, 2016. Beginning November 1, 2015, you will be able to enroll in coverage for the 2016 plan year. During open enrollment, you can choose to remain in your current plan, switch to a new plan or choose to end coverage through MNsure.
After open enrollment ends, you will have limited opportunity to add individuals to your coverage or make plan changes until the next open enrollment at the end of 2016. If you qualify for a low or no-cost plan through Medical Assistance or Minnesota Care (/individual-family/cost/ma-mncare.jsp), you are exempt from these requirements and can enroll at any time during the year.
WHY IS IT IMPORTANT THAT I REVIEW MY PLAN OPTIONS DURING THE FIRST MONTH OF OPEN ENROLLMENT?
Plan choices and premium amounts change each year. Your premium amount (including tax credits and other financial help) may change on January 1 even if you stay in the same plan. It is best to update your eligibility by completing an application for insurance and signing up for the plan that is right for you and your family by December 15, 2015, so you can ensure your new coverage is in place starting January 1, 2016.
Although you can change plan after December 15, 2015, through the end of the open enrollment period on January 31, 2016, those changes will be applied going forward. Amounts you may pay toward deductibles or out-of-pocket maximums in one plan will not be applied toward a different plan should you change your mind during the open enrollment period.
WHAT ARE THE DEADLINES?
- For a plan selected on November 1, 2015, through December 15, 2015, the effective date of coverage is January 1, 2016
- For a plan selected on December 16, 2015, through January 15, 2016, the effective date of coverage is February 1, 2016
- For a plan selected on January 16, 2016, through January 31, 2016, the effective date is March 1, 2016
- Open enrollment ends January 31, 2016
- You must pay your premium directly to the insurance company. You will receive an invoice showing your payment amount.