New Jersey’s health insurance marketplace, GetCoveredNJ, provides financial aid for people based on their income level.
By doing this, they are able to lower both monthly premiums and out-of-pocket expenses while being able to compare prices and plans that best suit them and their families.
The exchange also offers short-term plans, if available in their state, as an additional solution for people looking for coverage but lacking the funds. This is an ideal option for people wanting coverage but cannot afford it themselves.
What is the GetCoveredNJ website?
Get Covered New Jersey is New Jersey’s official health insurance marketplace where individuals and families can easily shop and purchase health coverage, while applying for financial help to lower monthly premiums or out-of-pocket costs. Additionally, Get Covered offers various plans including CHIP (Children’s Health Insurance Program) and Medicaid options.
Most New Jersey residents may qualify for financial help to reduce the costs of health insurance depending on their income level, through federal and state subsidies that can be found here at Get Covered NJ. To learn more, or to make an application, click here!
If you reside in New Jersey and do not already have health insurance or your current coverage is unaffordable, or are considering switching, NJ FamilyCare could provide free or low-cost health coverage through its publicly funded program. Eligibility depends on household income and size – eligibility can be applied for year round!
How do I enroll?
Open enrollment is the period when consumers can purchase new health insurance plans or change existing plans in the marketplace from November 1 through January 31 each year. It runs between these dates.
You may qualify for special enrollment periods outside the regular enrollment periods if you’ve experienced certain life events that make enrollment necessary, such as marriage, losing employer coverage or moving. To determine this possibility use either the state Shop and Compare Tool or call GetCoveredNJ’s navigators services and use one of their navigators resources.
New Jersey residents seeking cost-cutting strategies should opt for Bronze and Silver plans, which feature lower premiums with potential tax credits to further lower monthly costs.
Shop and Compare tool can help you quickly determine if you qualify for a tax credit or cost-sharing reduction, providing critical financial relief towards medical deductibles, copays and out-of-pocket expenses.
What are the plan options?
If you are searching for new health insurance in New Jersey, there are numerous plans available. Your decision will depend on both your health care needs and budget.
If you plan to use health insurance regularly and want lower out-of-pocket costs, a Gold plan may be a wiser choice than Bronze ones; its higher monthly premiums come with lower deductibles and copays than Bronze ones.
Platinum plans provide coverage for people with more serious medical needs at relatively high monthly premiums and minimal deductibles, covering nearly 90% of care costs while having low deductibles – although you must meet your deductible before it begins providing coverage for expenses.
Will I need a new doctor?
New Jersey state law mandates most residents have health insurance or pay a penalty, in line with federal mandate, to keep premiums low and reduce overall premium costs for all.
Horizon Blue Cross Blue Shield and AmeriHealth both provide New Jersey Marketplace plans with comprehensive medical coverage that offers access to an array of doctors and services. You can shop and compare options online, or contact a navigator to assist in enrolling.
2022 will bring more New Jerseyans qualifying for financial assistance under expanded income guidelines, meaning more of us may be able to afford high-quality health coverage.
If your health coverage comes through your job, make sure it satisfies minimum affordability and coverage standards. If it does not, apply for financial help on GetCoveredNJ to find an option that meets both of those criteria.
