(St. Paul, MN) — The Minnesota Department of Commerce today announced its approval of 2024 rates for Minnesotans who buy small-group and individual health insurance.
State Commerce Deputy Commissioner of Insurance Julia Dreier says Minnesotans who purchase a policy through MNsure, the state’s health insurance marketplace place can receive financial help through tax credits that help lower the cost of their monthly premium.
Average 2024 increases range from 1.9 percent to 5.5 percent in the individual market and 4.3% to a little over 7% in the small group market.