What is the Minnesota Care Act?
MinnesotaCare is a program that provides subsidized health coverage to eligible Minnesotans. It is administered by the Minnesota Department of Human Services under federal guidance as a Basic Health Program under the Affordable Care Act.
What is Obamacare called in MN?
Minnesota – Obamacare. Essential facts about the Affordable Care Act (ACA or Obamacare) in Minnesota, including whether you must get health insurance, how much it will cost, and how you can save money.
What federal legislation created health insurance exchanges that provide individuals?
Affordable Care Act (ACA)
Why were exchanges implemented by the Affordable Care Act?
The exchanges are intended to increase competition among insurers and focus that competition on value and price. A number of provisions of the ACA should help to facilitate this objective. Administrative costs. The ACA requires exchanges to fulfill a number of administrative functions that will add to their costs.
Is MNsure part of the ACA?
Q: Is MNsure “Obamacare?” A: “Obamacare” is a nickname for the Patient Protection and Affordable Care Act, the federal health care overhaul. The online insurance marketplaces such as MNsure are a key part of the law because they provide the gateways for individuals and small groups to obtain health coverage.
Is MinnesotaCare part of the ACA?
MinnesotaCare is considered a “Basic Health Program” (BHP) under federal law, allowed under Section 1331 of the Affordable Care Act (ACA). MinnesotaCare coverage is more affordable and comprehensive than insurance available on the individual market.
Who can buy healthcare coverage through the state exchange?
Any legal Minnesota resident, except for legal minors, can buy healthcare coverage through the state exchange. However, if you have access to affordable, qualifying coverage from another source such as an employer or government program, you may not qualify for financial assistance from MNSure.
What is the license for Minnesota Health Insurance Guide?
Minnesota Health Insurance Guide by E-Insure Services, Inc. is licensed under a Creative Commons Attribution-No Derivative Works 3.0 United States License. Based on a work at www.EINSURANCE.com. Permissions beyond the scope of this license may be available at http://www.EINSURANCE.com/creativecommons/.
How do I get health insurance for my small business in Minnesota?
If you own a small business in Minnesota (50 or fewer full-time-equivalent employees – FTEs), you can purchase qualifying coverage for your employees through MNSure for Small Business, the state’s SHOP (Small Business Health Option Program) exchange, or through a private broker or insurance agent.
What is the individual mandate for health insurance?
As of January 1, 2014, most U.S. citizens and legal residents are required by law to have qualifying health care coverage or pay an annual tax penalty for every month they go without insurance. This is called the “individual mandate.”