MN Health Care Exchange

Introduction to MN Health Care Exchange

A Health Insurance Exchange is a marketplace for individuals and businesses to compare, choose, and buy affordable health insurance for high quality care.  An Exchange can make health care easier to navigate for consumers and small businesses.  It can allow Minnesotans to easily compare health insurance options based on cost, quality, and consumer satisfaction.  It can also foster fair and equitable competition to encourage insurers and health care providers to place a greater focus on value and affordability.

An Exchange is an online marketplace where Minnesotans can purchase private health insurance or enroll in public programs like Medical Assistance and the Children's Health Insurance Program (CHIP).  Subsidies and tax credits will be available to eligible individuals and small businesses to make coverage more affordable.

An Exchange can help small businesses provide affordable coverage choices to their workers and allow employees to choose the plan that is best for them and their families.  Employees will be able to use contributions from one or more employers to purchase coverage for them and their families and keep that coverage if they become self-employed, lose their job, or if they change jobs. An Exchange can also simplify the administration of health insurance for small businesses and allow them to focus on growing their business instead of managing health insurance.

States have until January 1, 2013 to create their own health insurance exchanges or the federal government will establish one, to be available to consumers beginning in 2014.  The Minnesota Health Insurance Exchange Advisory Task Force will advise on the design and development of a Minnesota-made Health Insurance Exchange. 

To view the examples of the proposed MN Health Care Exchange click here