We can uncomplicate Individual and Family Health Insurance

Todd Sjoberg has been a Certified MNsure broker since 2017.  We are available to assist clients all year with questions, processing life event changes or enrollments.  There is no charge for any appointment.

Advance Premium Tax Credits (APTC)  are a reduction of your monthly health insurance premium.   When you apply for coverage thru MNsure in Minnesota, you estimate your expected household income for the year.   The amount of APTC will vary depending on the income from everyone in the household, even if everyone is not seeking coverage.  

It is important to be as close as possible to what the household income will be for the year as the APTC will be reconciled when you file your personal income taxes.   If you have applied for coverage thru MNsure and your income is lower than estimated for the year, you will receive a refund on your Minnesota tax return.  However,  if your income is higher than expected, you will have a tax bill on your Minnesota return to pay back some, or all, of the APTC you received during the year.

MNsure will send out a form 1095A the beginning of each year that summarized the APTC you received for the previous year.  It is very important to keep this form and file it with your personal income tax return.

Cost Sharing Reduction is based on household income levels. It is a discount that lowers the amount you have to pay for deductibles, copayments, and coinsurance. In the Health Insurance Marketplace, cost-sharing reductions are often called “extra savings.” If you qualify, you must enroll in a plan in the Silver category to get the extra savings. 

When you apply for coverage thru MNsure, you may also be eligible for a public program.  These programs are available to those who qualify based on monthly income include low-cost and free health insurance options provided through government-sponsored health insurance programs: Medical Assistance and MinnesotaCare. If you qualify for and enroll in one of these programs, your health coverage is managed through the Department of Human Services.