The Minnesota Department of Commerce today announced its approval of 2025 rates for Minnesotans who buy small-group and individual health insurance either through MNsure or directly through their health insurer. These rates are for 2025 plans available starting November 1, 2024.  

Commerce annually reviews health insurance rates to ensure plans are in compliance with Minnesota and federal law. The plans available during open enrollment this year include provisions passed in law to lower consumers’ health care costs and simplify the shopping experience.

Commerce encourages all Minnesotans who will be renewing their health insurance coverage for 2025 to take the opportunity to shop around. Many consumer protections have been put into place to assist Minnesota families with affordability – from continued federal subsidies that cap premiums at no more than 8.5% of their annual income – to utilizing MNsure to easily compare plans in their area to ensure families purchase coverage that fits their needs and budget.

"We encourage Minnesotans to start their health insurance shopping at MNsure because of the services available to help consumers explore options and choose the best coverage for themselves and their families,” said Commerce Commissioner Grace Arnold. “This year, consumers who shop for coverage on MNsure will find additional health plan options that are simpler and easier for people to understand.” 

Commerce Deputy Commissioner of Insurance Julia Dreier said, “The plans on MNsure all offer essential benefits that Minnesotans need, such as preventive care, emergency services, drug benefits and outpatient care.”   

Approved health insurance rates for 2025 

Details of approved health insurance rates for the 2025 Individual and Small Group markets: 

• Individual market: Average increases range from 1.95% to 11.56% across five health plans for the 186,000 Minnesotans who buy insurance in the individual market. 
• Small group market: Average rate changes range from a decline of 6.29% to an increase of 15.82% for the 206,000 Minnesotans covered by small group plans.  

In 2025, Minnesotans will continue to have at least two insurance carriers offering individual market plans in every county, with most counties having three or four carriers to choose from. Every county will also have at least 30 health plan options for individual buyers to choose from among the insurance carriers. Tax credits are available through MNsure to help eligible individuals and families purchase the coverage that is right for them. 

Connect with the Minnesota Commerce Department

Get updates and news from the Minnesota Department of Commerce  at mn.gov/commerce or @MNCommerce on social media.  

Contact

Mo Schriner, Communications Director
Minnesota Department of Commerce
mo.schriner@state.mn.us