Good Afternoon Friends and Neighbors,
Gov. Mark Dayton signed health insurance premium relief into law Thursday night, hours after it passed the House of Representatives 108-19 and the Senate 47-19. This agreement between Republicans and Democrats will invest $312 million in 25 percent across-the-board subsidies for Minnesotans who purchase their insurance on the individual market and who do not receive federal tax credits. Under the plan, the state reimburses health insurance plans, who will then provide the relief to individuals.
The initial Republican proposal would have delayed relief until 2018. After push back from Governor Dayton and Senate Democrats, leadership decided the DFL plan would deliver relief faster to Minnesotans. People who purchase their health insurance through the individual market and are eligible for the subsidy, should expect to see relief on their premium bills by April or May and will receive retroactive payment for full premiums paid dating back to January 2017.
At the end of the day, this bill helps more than 125,000 Minnesotans who need premium relief now, not next week, not next month, and puts money back into people’s pockets.
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Thank you and have a great weekend,