Health Insurance Options in New Jersey
2018 Obamacare Open Enrollment Period from November 1, 2017 to December 15, 2017. You can purchase health insurance for the upcoming year through the marketplace (HealthCare.gov)
You can buy health insurance through HealthQuoteInfo. Call 855-614-5057 to shop around and save!
The Affordable Care Act
New Jersey’s previous governor Chris Christie was a strong opponent of the Affordable Care Act and continuously called for the bill to be repealed and replaced in Congress. Interestingly enough, the rate of uninsured individuals has decreased slightly over the last four years since the ACA was enacted, although the subject remains a disputed topic in the media.
If you’re a New Jersey resident and want to purchase a 2018 plan, you’ll have to do so during the Open Enrollment Period. This begins on November 1, 2017 and ends on December 15, 2017, providing you with exactly 45 days to shop and compare plans, giving you ample time to make an informed decision.
Federally Facilitated Marketplace
The state of New Jersey uses the federally facilitated marketplace, meaning residents have to go to HealthCare.gov during the Open Enrollment Period. But what does a federally facilitated marketplace mean?
Well, the state does not control the exchange and instead relies on the federal government to operate the logistics. This is opposed to a state-based exchange, where the state has complete control of the marketplace.
A certain percentage of the population lives under the poverty line and cannot afford to purchase a health insurance plan during the Open Enrollment Period. Therefore, these individuals rely on a program called Medicaid, which provides essential dental, health, and drug coverage. Medicaid qualifications differ depending on your region, so it’s best to consult this link for more information.
You can receive tax credits by purchasing a plan through the federal marketplace. For small business owners with less than 50 employees, SHOP (which stands for the Small Business Health Options Program) is a great option and provides health coverage to all individuals and complies with federal standards.
Do You Have Remaining Questions?
We understand the health insurance industry is very complicated and confusing at times. So, if you have any questions regarding this subject, we highly encourage you to phone one of our specialists here at HealthQuoteInfo. Our agents can help you understand all this information, so call today at 855-614-5057.