Story perspectives

MN Health Insurance Premiums Set to Soar by 26%

8/26/2025

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Summary

Story summary

Minnesota health insurance premiums may increase by 7% to 26% in 2026 due to rising healthcare costs and expiring federal subsidies.
Around 90,000 MNsure enrollees could experience higher costs, with some losing financial assistance.
A couple in their 60s could see premiums rise from $474 to $2,000 without subsidy reinstatement.
The bipartisan reinsurance program has stabilized premiums, avoiding a potential 25% increase.
Final premium rates will be announced in October, with open enrollment beginning November 1.

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Story summary

Minnesota health insurance premiums may increase by 7% to 26% in 2026 due to rising healthcare costs and expiring federal subsidies.
Around 90,000 MNsure enrollees could experience higher costs, with some losing financial assistance.
A couple in their 60s could see premiums rise from $474 to $2,000 without subsidy reinstatement.
The bipartisan reinsurance program has stabilized premiums, avoiding a potential 25% increase.
Final premium rates will be announced in October, with open enrollment beginning November 1.