Minnesota residents have several options for obtaining affordable health insurance coverage so that they have the means to cover any medical expenses that may come up. The simplest way to obtain health insurance is to purchase a plan from one of the private Minnesota health insurance carriers in the state such as Cigna.
It’s not difficult to check and review thousands of insurance plans for those living in Minnesota. You can just enter your zip code in the search bar, and you’ll get a list of plans you can compare to one another to help you find the most suitable plan for individuals and families.
ESI & Small Business Health Insurance Minnesota
ESI stands for employer-sponsored insurance. Many MN residents find more affordable plans by purchasing them through the workplace. In the ESI model, your employer finds a suitable company to buy the health insurance from and eligible employees can choose among the plans offered by the carrier. The employee finds these plans more affordable because a large portion of the premiums is paid for by the employer.
As long as you don’t have an extensive lapse in health insurance coverage, the carrier is required to accept your application even if you have a preexisting medical condition. If you’re worried about losing your coverage because you lost your job, you can use the COBRA program to extend the coverage for up to 18 months until your new ESI takes effect in your new workplace.
If you’re self-employed, you can also get a group health plan for your company. It saves you the trouble of finding private health insurance, and you also can use the benefits to attract more qualified personnel to your workforce.
Medical Assistance (MA)
This is the Medicaid program in Minnesota that helps provide adequate health coverage for people with low incomes. It also serves the needs of adults without children, children and families, pregnant women, senior citizens, and people with disabilities.
Medical Assistance has income ceiling requirements to identify the people who most need health obtaining health insurance. However, you can still get MA even if you’re already in another health insurance plan. MA can cover services that may not be covered by your plan, and in fact, MA can help pay the premium for that other health insurance plan.
The income limit depends on your particular circumstances, such as if you’re blind or if you have a disability. You may also qualify by using a “spend-down” plan that works like a deductible. You’re then responsible for a portion of the medical expenses before MA pays its share of the bill.
The requirements also may have asset limits for applicants who are senior citizens and adults over 21 who have a disability. Parents and caretaker relatives who are part of the spend-down plan also have an asset limit to meet. However, there is no asset limit for children under 21, adults without children, and parents who aren’t part of the spend-down plan.
To qualify, you also have to be a Minnesota resident who is either a US citizen and who is a qualifying non-citizen.
MinnesotaCare & Low Income Health Insurance Minnesota
This program is specifically for people with low incomes. To qualify, you must be a US resident or legally living in the country, and you must meet the income ceilings. You also must not be enrolled in Medicare Part A and Part B. Medicare is the federal health program for seniors and those with disabilities.
There is no asset limit to MinnesotaCare. This means that your home, your cars, and your savings account do not factor in when your eligibility is determined.
The benefits cover a wide array of health services, including doctor visits, hospital services, and prescriptions. These may differ for children and for pregnant women.
There is a monthly premium involved for most enrollees, and this will be based on your family income. However, no premium will be required from children under 21, Native Americans, and people in families that have an income of less than 35% of the federal poverty level. Some members of the military who have completed active duty also don’t pay premiums for 12 months.
Minnesota Family Planning
This only covers family planning services, and it’s for people who are not eligible for Medical Assistance. That’s because if you already have MA benefits, family planning services are already included.
The services don’t include paying for abortions. However, it covers family planning visits, several types of birth control methods, diagnosis and treatment of STDs, and sterilizations. It can also cover the cost of transportation to and from the provider of the family planning services.
There is no cost to cover if you qualify. To be eligible, you can’t be pregnant and you have to be a US citizen or qualified non-citizen. The income limit is typically 200% of the federal poverty level, which means the ceiling is $51,960 for a family of three. However, the income level is immaterial if you live with a spouse or your parents and you’re under the age of 21.
Medicare Savings Programs
Those on Medicare may find that the cost of Medicare may still be prohibitive. But you can use these programs to cover the cost of the premiums for Medicare Parts A and B. it can even cover any deductibles and copayments. There are income limits and an asset limit, but your house and car do not count.
Minnesota Open Enrollment 2019 & Minnesota Obamacare Insurance
The Minnesota Open Enrollment period for health insurance in 2019 will run from November 1st, 2018 to December 15th, 2019.
For all your other questions regarding health insurance in Minnesota, please do not hesitate to give us a call at 1-855-614-5057. We stand ready to guide you so that you can get the health & medical insurance coverage you need and deserve.