TABLE OF CONTENTS
New Jersey residents have access to several types of health insurance. You can enroll in employer-sponsored coverage through your job, buy a private plan, or even sign up for Medicare or Medicaid.
This guide explains your New Jersey health insurance options in detail.
To enroll in New Jersey’s health insurance marketplace, visit the GetCoveredNJ website. If it’s your first time visiting the site, follow the instructions to create an account. You’ll need to provide some basic details, such as your name and contact information. If you already have an account, log in with your username and password.
If you’re applying during open enrollment, you can simply fill out the application, compare plans, and sign up for the plan that best meets your needs. You’ll also have an opportunity to see if you qualify for help paying your health insurance premiums. If you’re applying outside of open enrollment, you’ll need to select a qualifying life event from the list provided. Qualifying events include marriage, loss of coverage, and loss of eligibility for Medicaid or NJ FamilyCare.
To compare plans, enter your ZIP code, your date of birth, and your annual household income. If other people in your household need coverage, enter their dates of birth. You’ll be able to review available plans, check their monthly premiums, and explore the services each plan covers.
If you need local assistance, you can use the Find Local Assistance tab in the portal to find a Certified Navigator. The following companies offer health insurance in New Jersey:
Although you follow the same enrollment steps whether you’re shopping for an individual or family plan, it can be more difficult to determine which health plan is best for multiple family members. As an individual, you can shop based solely on your needs and preferences, making it a little easier to choose a plan.
Plan type, monthly premium, and total annual cost are among the most important factors to consider when buying health insurance. In addition to reviewing the monthly premium, you need to think about the annual deductible (the amount you must pay before your insurance starts to pay for covered services), the copay for each service, and what percentage of your medical expenses you’re expected to pay out of pocket. In many cases, the plans with the lowest premiums have the highest deductibles. These plans may also require you to pay a larger percentage of your health care costs.
You may be able to buy an HMO, PPO, POS, or EPO plan. The type of plan you select may affect your access to certain specialists or medical facilities, so it’s important to choose carefully.
When it’s time to choose a plan, pick the one that gives you the best combination of affordability and access to care. If you’re on a limited budget, you may want to choose the plan with the lowest premium. If you can afford to spend a little more, it may be better to choose a plan with a higher premium but a lower out-of-pocket maximum.
If you’re shopping for coverage for multiple people, you need to consider your choices even more carefully. A single person without any health problems has a lot more flexibility than a consumer with a spouse or multiple dependents. For example, if you have kids, you’ll want to look for a plan that offers coverage for pediatric care. If your spouse has diabetes, then you’ll want to look for a plan that covers endocrinology care and has reasonable copays for insulin and other diabetic medications.
The type of plan you select is also important, especially if anyone in your household has a chronic health problem. If one of your dependents has kidney disease, for example, you may want to choose a PPO plan so you don’t have to ask for a referral every time they need to see a specialist. If everyone is in good health, then it may make sense to choose an inexpensive HMO plan to save money on your monthly premiums.
If you use New Jersey’s health insurance exchange to shop for coverage, you need to understand the metal tier system. Marketplace plans are classified under different metal names to make it easier for consumers to compare costs – bronze, silver, and gold.
For private health insurance plans, base rates in 2021 range from $216.99 per month to $821.16 per month. The base rate is multiplied by an age rating factor to determine the total premium, with younger consumers paying less for their coverage than older consumers.
|Average premiums in New Jersey||2018||2019||2020||2021|
|Most affordable bronze plan||$328||$284||$314||$319|
|Most affordable silver plan||$403||$344||$382||$388|
|Most affordable gold plan||$655||$557||$657||$661|
New Jersey offers Medicaid coverage to residents with low income as well as the aged, blind, and disabled. Older residents may also qualify for institutional/nursing home Medicaid, which has a higher monthly income limit than the other plans. NJ FamilyCare offers coverage for certain residents who earn too much to qualify for standard Medicaid.
Medicaid is available to New Jersey single residents who earn no more than $1,073 per month in income and married applicants who have an income of no more than $1,452 per month. The Medicaid program also has financial resource limits; which means you can’t have more than a certain amount of cash, stocks, bonds, and other assets in your possession. For single applicants, the limit is $4,000; married applicants are allowed to have up to $6,000 worth of financial resources.
Institutional/nursing home Medicaid has a monthly income limit of $2,382 and asset limits of $2,000 for single applicants and $3,000 for married applicants if both spouses are applying for coverage. If only one spouse is applying for Medicaid, then the applicant must have no more than $2,000 in assets. The non-applicant spouse may have up to $130,380 in financial resources.
In addition to meeting the financial requirements for Medicaid coverage, you must also be a resident of New Jersey and a U.S. citizen or lawful immigrant. To apply for Medicaid, visit NJHelps.org and click Get Started. If you’re not sure if you meet the eligibility requirements, complete the screening process, which takes about five to 10 minutes.
If you earn too much to qualify for Medicaid, you may qualify for NJ FamilyCare if you’re pregnant or have at least one dependent in your household. For pregnant women, the income limit is up to 205% of the federal poverty level (FPL). If you have a dependent in your household, you can earn as much as 138% of the FPL and still qualify for NJ FamilyCare. Children aged 18 and under also qualify for NJ FamilyCare coverage if their parents or caregivers have household incomes of no more than 355% of the FPL.
To apply for coverage, fill out the application at NJHelps.org, call NJ FamilyCare at 1-800-701-0710, or contact your County Board of Social Services.
You may qualify for Medicare if you’re at least 65 years old or have a qualifying disability. In most cases, you need to receive SSDI benefits for at least two years before you become eligible for Medicare, but there are exceptions for people with end-stage renal disease and amyotrophic lateral sclerosis (Lou Gehrig’s disease). You also need to be a U.S. citizen or lawful immigrant to qualify.
If you choose Original Medicare, you can purchase Medicare Supplement Insurance (Medigap) to defray some of your out-of-pocket expenses, including deductibles and coinsurance.
To qualify for Medicare, you must be at least 65 years old or have a qualifying disability. In most cases, a qualifying disability is a condition that makes you eligible for at least 24 months’ worth of payments from the Social Security Disability Insurance program. You may be able to qualify sooner if you have end-stage renal disease or amyotrophic lateral sclerosis (Lou Gehrig’s disease).
If you start receiving your Social Security or Railroad Retirement Board benefits at least four months before you turn 65, you’ll be automatically enrolled in Medicare. Otherwise, you must fill out an application online or contact your local Social Security office. You can enroll in Medicare during the following periods:
Yes, New Jersey requires most residents to have health insurance. This is a provision of the New Jersey Health Insurance Market Preservation Act. If you don’t have minimum essential coverage or qualify for an exemption, you’ll have to make a shared responsibility payment when you file your annual tax return. Exemptions are only available to residents who don’t have affordable coverage options, have limited incomes, are able to demonstrate some type of hardship, or only have a gap in coverage for a short amount of time.
New Jersey is one of 14 states operating its own health insurance exchange, GetCoveredNJ. Since New Jersey has its own exchange, you won’t use HealthCare.gov to shop for marketplace plans.
New Jersey has several faith-based programs in which members pool their funds to share medical expenses. These plans don’t meet the requirements for minimum essential coverage; however, members are exempt from the shared responsibility payment as long as they belong to a cost-sharing ministry that has been sharing medical expenses continuously since December 31, 1999.
Because New Jersey requires health insurance, you should have health coverage even if you have a health savings account or flexible spending account. The 2021 FSA contribution limit is $2,750, while the HSA limit is $3,600 (individual) to $7,200 (family). A hospital stay or emergency room visit can cost much more than that, meaning you should have health insurance even if New Jersey stops requiring it.
Short-term disability coverage is optional. Even if you already have health insurance, you may want to purchase short-term disability coverage to replace some of your income in the event you’re injured and can’t work for several months. Your health insurance only covers your medical costs; it doesn’t cover housing and other living expenses.
Long-term disability coverage is also optional, but it’s a good investment if you can afford it. LTD insurance replaces your lost income if you’re unable to work for a long period of time due to a nonoccupational injury or illness. Even if you have a comprehensive health plan, your health insurance won’t pay for groceries, rent, and other living expenses while you’re out of work, so it’s a good idea to have LTD coverage just in case.
NJ FamilyCare offers comprehensive coverage for eligible participants. Covered services include: