how do i?
- Find out how MNsure works ?
- Find meeting info? ?
- Get help today?
- Know if I or my family can get a tax credit?
- Know if my business can get a tax credit ?
- Get a speaker for my meeting/group ?
- Find open RFP ?
- See what vendors have received project contracts ?
- See a timeline of what’s been done so far ?
- Find materials from planning meetings ?
- Find a list of past meetings ?
Small Employers
Small business owners are the lifeblood of the Minnesota economy. They are hard-working, durable visionaries who are dedicated to the well-being of their employees, and determined to persevere should they face roadblocks.
You know well how challenging it can be to provide health insurance for your employees, or even for yourself. You want to be on par with your competition but escalating health insurance costs make that difficult.
MNsure will offer a new marketplace for small employers. The marketplace will offer easy-to-administer health coverage for all types of businesses. You could save up to 7.5 % off premium costs through tax credits. (Use the calculator to see if you qualify.)
Starting in October 2013, you can choose from a range of quality plans or contribute a set amount toward your employees’ coverage and let the employee pick a plan that’s right for them. You can set up an account on your own or work with a trusted agent/broker who can manage the process for you.
Additional benefits include:
- A broad selection of health plans and carriers in one location.
- One-stop shopping and billing regardless of how many plan choices are offered.
- Easy online tools for updating and managing worker files.
- MNsure will handle billing, reconciliation and renewal, giving you more time to grow your business.
In the end, providing health insurance for your employees means a happier, healthier, loyal workforce—a move that benefits us all.
MNsure will serve employers with 50 or fewer employees beginning in 2014.
You can estimate the tax credits currently available by using our Small Employers Calculator.
FAQs
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How does the tax credit work for employers?
Federal tax credits are available now for qualifying taxable and tax-exempt organizations to help reduce the cost of coverage for employees. Small employers with fewer than 25 employees who provide health insurance may qualify for a federal tax credit of up to 50%.
Although employers are not required to offer health insurance to employees, most who employ more than 50 employees will pay an assessment if they don’t offer affordable coverage that covers minimum essential health benefits.
Visit http://www.irs.gov/uac/Small-Business-Health-Care-Tax-Credit-for-Small-Employers for more information, and consult your tax advisor. - Can sole proprietors use the SHOP or must they go to the Individual exchange/marketplace?
- Will other insurance products such as life, long-term care or disability be sold through MNsure?
- Will MNsure be open to larger employers in the future?
- Does everyone have to purchase health insurance?
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Are there exceptions?
Yes. The law provides exceptions for:
- Individuals and families below a certain income
- People who cannot afford the coverage that is available
- Individuals who have been uninsured for less than three months
- Members of American Indian tribes
- People who do not obtain coverage because of religious objection.