Minnesota Residents Should Shop For Insurance Early To Avoid Enrollment Caps
Insurance analysts warn that some plans could fill up in a matter of weeks. In other regional insurance news, some Missouri companies are dropping domestic partner coverage, saying they are no longer necessary as same-sex couples can now legally wed.
What To Know About Enrollment Caps On Minnesota Health Insurance Plans
To avoid being locked out of the health plan they want, Minnesotans buying insurance on the individual market will need to shop early next month. That’s because all but one of the plans selling insurance on Minnesota’s individual market have set enrollment caps — and could fill up in a matter of weeks.“ The choices are going to be so incredibly limited,” said Heidi Mathson, past president of the Minnesota Association of Health Underwriters, which represents insurance agents and brokers. “I think those caps are going to be met very quickly.” This means options for health insurance could narrow to one or two choices soon after the open enrollment period begins Nov. 1. (Montgomery, 10/20)
St. Louis Post Dispatch:
Employers Drop Domestic Partner Coverage, Citing Legalization Of Same-Sex Marriage
As many local companies head into open enrollment season, some employees may notice that their employer is no longer offering domestic partner coverage. The shake-up comes in the wake of the Supreme Court decision that now allows same-sex couples to legally marry. For many employers, extending domestic partner coverage was viewed as a workaround, a way to offer same-sex couples benefits that married couples were enjoying. (Liss, 10/20)