![]() ![]() To further bolster affordability, the Biden-Harris Administration is also proposing to eliminate the “family glitch.” If this proposal is finalized, family members of workers who are offered affordable self-only coverage but unaffordable family coverage may qualify for premium tax credits to buy plans on the marketplace.įor 2023, consumers will have more plan choices with Aetna selling plans through Get Covered New Jersey. ![]() Both increased federal and state financial help will remain available, and 9 in 10 consumers enrolling will qualify for assistance. The continuation of these savings allowed New Jersey to increase the amount of state subsidies available to eligible consumers and to extend the state savings to residents at higher income levels, allowing those earning an annual salary of up to 600 percent of the federal poverty level ($76,560 for an individual and $157,200 for a family of four) to receive state assistance. President Biden’s enactment of the Inflation Reduction Act earlier this year has preserved these record levels of financial help that have made health insurance through Get Covered New Jersey more affordable for hundreds of thousands of New Jersey residents.īased on these federal actions, no one pays more than 8.5 percent of their income for health insurance through Get Covered New Jersey (based on a benchmark plan). The American Rescue Plan Act, signed in March 2021, significantly increased the amount of financial help available to consumers and removed the income cap to receive assistance. Open Enrollment begins Novemat Get Covered New Jersey, which provides a one-stop shop for health insurance for residents who do not have coverage from an employer or other program, and is the only place residents can get financial help to purchase a plan. “For the upcoming year, we have expanded the number of carriers offering plans through Get Covered New Jersey to five, up from three in 2020, and will continue to provide record levels of financial help to lower premiums.” “Since launching our own health insurance marketplace, the Murphy Administration has been committed to increasing access to quality, affordable health coverage through Get Covered New Jersey,” said Commissioner Marlene Caride. Consumers will also have more choice with Aetna now offering plans on the marketplace, increasing the overall number of carriers for the second consecutive year. TRENTON - The New Jersey Department of Banking and Insurance today announced that consumers shopping for 2023 health coverage this fall at Get Covered New Jersey, the state’s official health insurance marketplace, will continue to benefit from historic levels of federal and state financial help. NJ Department of Banking and Insurance Announces Expanded Health Insurance Options in 2023, Historic Levels of Financial Help Remain Available at Get Covered New Jersey Home > Department Press Releases/Newsletters/Reports ![]()
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