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Starting January 1, 2015
PreferredOne and their separation from MNsure has brought on a lot of media attention. So inevitably, it has sparked a lot of confusion. Whether you purchased your insurance directly through PreferredOne or MNsure, there is no need to worry. Our expertise will guide you to the right decision for you.
Here is exactly what you need to know.
- If you purchased your plan directly through Preferred One, this change will not impact you and no action is required.
- PreferredOne will continue to offer individual and small group plans in 2015 directly and through their contracted brokers.
- The State of MN requires that PreferredOne Insurance Company guarantee renewability of its individual health plans, so they will guarantee that those members currently enrolled on MNsure or direct with PreferredOne can renew their plan on a direct basis. However, those members currently on MNsure who want to stay on MNsure would need to change insurers.
PreferredOne has stated that they’ve decided to part ways with MNsure to better serve their members, a decision that was not made lightly. Another topic that has been in the media lately is the confusion and inefficiency behind MNsure. PreferredOne feels that this has directly impacted their ability to deliver quality services to policyholders.
Now that you know more about the split, you may be wondering if you should make a change to your coverage. We are entering into the open enrollment period for individual and family health insurance plans. Preferred One will be sending out renewal letters to their members the last week in October.
- PreferredOne recently announced the rate increases for 2015 will be between 40-60%. In addition, the Choice network will no longer include Allina Medical Group, Park Nicollet medical Group, and Health Partners.
Get a jump-start on shopping your plan by filling out our Quote Request Form. When new rates are released, we’ll shop your options for you and get back to you with your results. It’s just that easy!