All but one health insurer selling individual polices on Minnesota's ACA exchange will set enrollment caps, further pressuring consumers in the state's shriveling individual health insurance market, reports Pioneer Press.
The enrollment caps could leave individual marketplace enrollees, especially those in rural areas, with a single or two health plan choices during open enrollment 2017 for coverage beginning Jan. 1.
These health insurers set the following enrollment caps:
UCare — 30,000
Medica — 50,000
HealthPartners — 72,000
HMO Blue Plus — a Blue Cross Blue Shield of Minnesota subsidiary — will not cap its enrollees, according to the report. In total, all four plans will accept 152,000 enrollees, which is 27,100 more than their 2016 enrollment.
Payers selling ACA individual plans in Minnesota were approved average premium increases for individual plans between 50 percent and 67 percent for 2017. BCBS of Minnesota announced in June it would stop offering individual health plans on the exchange, affecting about 103,000 individuals. HealthPartners will not sell plans beyond the Twin Cities and St. Cloud regions.