Minnesota's Health Insurance Marketplace Sees Significant Premium Hike for 2026

November 4, 2025 - 02:30

Officials at MNsure have announced that health insurance premiums for 2026 on the individual market are set to rise by an average of 22 percent compared to 2025. This increase comes prior to the anticipated loss of federal tax credits, which could further elevate costs for consumers.

As open enrollment approaches, many Minnesotans may find themselves facing tougher decisions regarding their health insurance options. The higher premiums could strain budgets, particularly for those who rely on these plans for essential healthcare services.

MNsure representatives are urging individuals to carefully assess their health insurance needs and explore all available options during the enrollment period. With the potential for additional financial burdens due to the elimination of tax credits, it is crucial for consumers to stay informed and make educated choices.

As the landscape of health insurance continues to evolve, residents are encouraged to seek assistance if needed to navigate the complexities of their coverage options.