Governor Dayton releases health insurance rebate plan

 

This week Governor Dayton released his first budget priority for the 2017 Legislative Session that would reduce health insurance premiums by 25 percent for 125,000 Minnesotans who buy their insurance through the individual market. Joined by DFL Legislators, who will introduce the legislation in the House and Senate early next week, the proposal would provide immediate relief to families across the state who are facing significant premium increases.

The Governor’s plan would reduce the average premium increase facing Minnesotans in the individual market from 55% to 16%, and some families could save as much as $594 per month on their premiums. The premium rebate proposal is targeted to help families who are not eligible for federal advanced premium tax credits and whose income is above $47,520 for an individual and $97,200 for a family of four. The Governor urged the Legislature to act quickly to reimburse the high costs some Minnesotans are already paying. If approved by next week, Minnesotans could see relief by March 1 with subsidies being retroactive to January 1, 2017.

Providing some type of health insurance premium relief immediately to help Minnesotans who do not qualify for federal subsidies is largely supported by both Democrats and Republicans. However, some Republicans have said they will not vote for anything that isn’t attached to broader reform solutions for the individual marketplace. The Governor’s plan proposed this week is the fastest and most efficient way to keep more money in the pockets of Minnesotans who are struggling to absorb the massive cost increases.

Senate DFL Media