And new caps on enrollment mean it's possible that five counties in north central
The bottom line: Shoppers should move quickly when open enrollment begins next month, said
"It's almost like they're running out of good choices," Mathson said. "Each year, the selection gets higher priced and more limited."
The limited choices are confined to the state's individual market, where about 5 percent of state residents buy coverage.
The changes don't affect people who receive health insurance from an employer, or a government program like
The individual market is undergoing fundamental changes with the federal Affordable Care Act, including the launch of government-run health exchanges like MNsure. But insurers selling in these markets have struggled with mounting financial losses that have prompted some to stop offering coverage, and others to hike premiums.
Last week, the
The limits allow each insurer to "manage its financial or provider network capacity to absorb the large number of consumers who will be shopping for new plan," the
About 9,100 current subscribers will need to pick a new plan for 2017, Zimmerman said.
It also means
Within the next few weeks, insurers will be sending letters to consumers about next year's changes.
"That will probably have the most complete information about the current plan that they are in, and what that plan will look like for 2017," Zimmerman said of forthcoming letters from
"We are incredibly concerned about affordability," she said.
The limits make sure the plans don't struggle with a large influx of new enrollees. In June,
"We believe enrollment caps create an unlevel playing field, while also adding confusion to an already complicated and volatile market," the insurer said Monday in a statement. "There is no precedent on how caps will work with established health insurance companies."
Blue Plus does not sell individual market coverage in five counties --
"Commerce has discussed [this] with the insurers, and they believe there is flexibility to accommodate everyone," said
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