Minnesota health plan rates to rise as much as 5.5% for 2024

Individual Minnesota health plan rates to rise up to 5.5% next year

Federal tax credits will blunt rate increases for consumers next year; changes are moderate by historical standards, but generally higher than for 2023.

Minnesota health plan rates to rise as much as 5.5% for 2024

Christopher Snowbeck at the Star Tribune reports the state Commerce Department announced rates Friday for the individual market, where 3% of state residents buy coverage. Premiums on health insurance policies sold to individuals will increase on average between 1.9% and 5.5% next year in Minnesota. Sven Sundgaard at MPR News reports the average temperature for the month of September so far in the Twin Cities sits at 68.8 degrees through Sept. 28…