Open enrollment begins as MNsure customers could see more tax credits

(ABC 6 News) – Open enrollment has started for many insurance companies in Minnesota and Iowa. People have the option to change, update or enroll in insurance plans. Some people may think they don’t have to check for updates or changes, but experts suggest inquiring anyways. Many could qualify for tax credits even if they haven’t before. For MNsure customers, or people currently uninsured, 2022 open enrollment begins Nov. 1 and ends Jan 15.

Open enrollment happens every year. It’s a time where people can change their insurance plan. For example, people can add dental or eye care, or switch from a high deductible to a low deductible. Insurance experts encourage people to think about any upcoming procedures or medical needs before choosing a plan. There are also more opportunities for tax credits.

"Tax credits are important because they offset the price of your monthly insurance bill," MNsure CEO Nathan Clark said.

This makes healthcare more affordable for more Minnesotans.

"It’s more affordable. It’s the best time to buy a plan," said Hakima Ali, a community health worker and MNsure navigator.

This is thanks to American Rescue Plan money from the federal government.

"Many who were not eligible to receive any kind of tax credits because they earned too much money, became eligible for the first time," Clark said.

MNsure is emphasizing that even if some haven’t qualified for tax credits in the past, they could now.

Experts also say the pandemic encouraged more uninsured Americans to find coverage.

"I’m encouraging people: hey, you don’t have to be uninsured anymore because it’s affordable. It’s more than affordable right now," Ali said.

MNsure has resources to help people enroll and apply for tax credits. The company offers navigators and brokers to counsel people through enrollment.

"We speak about fourteen languages. It’s available in your own language if you have a language barrier," Ali said.