The state of New Jersey has just over six months to finalize plans for a health insurance exchange. The deadline concerns a federal grant that would help the state make progress toward the new insurance system. The grant, worth $5 million, would be used to hire new staff that will maintain the upcoming virtual insurance marketplace. It would also help the state purchase new equipment needed to operate the system and would fund marketing efforts to promote the exchange program. If New Jersey misses the deadline, it may not be…
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New Hampshire regulators to receive federal grants to improve state’s insurance system
New Hampshire insurance regulators are set to receive $3.56 million in federal grants over the next three years in accordance with the federal health care law. The state’s Insurance Department is welcoming the money with open arms, hoping to utilize the funds to help some of the regulatory shortfalls that have befallen the state in recent years. While regulators have yet to determine the breadth of their plans for the funds, officials have noted that some of the money will be used to instill more transparency in the state’s insurance…
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