Live Insurance News

Health insurance high risk pool comes to an end today

April 30, 2014April 28, 2014 G. Turner

The NJ Protect program is expiring today, meaning that sick patients in New Jersey will need other coverage. Sick patients in New Jersey who had previously been receiving their coverage through the NJ Protect federal high risk pool have been scrambling to obtain other forms of health insurance coverage, as their previous plan is ending today. The program has come to a close due to the access that patients now have to standard plans. According to the New Jersey Department of Banking and Insurance, by the time the NJ Protect…

Aetna pulls out of New Jersey health insurance exchange

September 19, 2013September 17, 2013 Logan B.

Company opts to not participate in state health insurance exchange Aetna, one of the largest health insurance companies in the U.S., has announced that it will not be participating in the New Jersey health insurance exchange. The exchange is set to begin open enrollment on October 1 this year, and is meant to provide consumers with access to affordable health insurance plans. Aetna was expected to be a prominent participant in the exchange, but disagreements with state officials may have discouraged the company from participating in the state’s exchange. Aetna…

Enrollment in New Jersey health insurance program to be frozen

March 1, 2013February 28, 2013 Logan B.

Health insurance program enrollment to be suspended on March 1 On March 1, 2013, New Jersey will suspend all enrollment into a state-run health insurance program designed for consumers with pre-existing medical conditions. State officials note that this is a mandatory measure per the Affordable Care Act and that the state was directed to suspend enrollment into this program by the Department of Health and Human Services. The health insurance program, which is called the Pre-Existing Condition Insurance Plan, is suggested to be in danger of running out of money…

Health insurance more expensive for New Jersey workers than others

February 8, 2013February 6, 2013 S.Vagus

ADP research shows that health insurance costs are high for New Jersey residents New research from Automatic Data Processing (ADP), a payroll processor and benefits administration firm serving the U.S. insurance industry, shows that New Jersey residents that work for large companies pay more for their health insurance than those in other states. The research suggests that even consumers in other states that work for the same company as their New Jersey counterparts have lower out-of-pocket expenses when it comes to their health insurance coverage. The new research highlights a…

Health insurance for college students may see new regulations

January 16, 2013April 30, 2013

Lawmakers are thinking about removing the mandatory coverage in New Jersey. Officials from the colleges in New Jersey have been pushing to eliminate the health insurance law in the state that requires students to have coverage as the combination of this regulation and the new healthcare reforms are causing the cost of the plans offered by the schools to head skywards. Lawmakers are taking these requests into consideration, but there is a careful balance to consider. They currently face the question of priority between the affordability of health insurance coverage…

New Jersey health insurance exchange off the table

December 11, 2012April 30, 2013

New Jersey health insurance exchange slammed with veto from Governor Christie Plans for a New Jersey health insurance exchange are off the table due to a veto from Governor Chris Christie. The Governor has become the latest in a long line of state officials that have rebuked the concept of a health insurance exchange in their representative states. The recent veto marks the second time this year that Governor Christie has nixed legislation concerning the New Jersey health insurance exchange. The Governor claims that the federal health care law introduced…

Health insurance exchange vetoed by New Jersey governor

December 10, 2012April 30, 2013

Chris Christie rejects the bill to create a state based online marketplace. New Jersey Governor, Chris Christie has announced that he has vetoed a bill that would have had the state take part in the healthcare reforms for building an online health insurance exchange to allow uninsured residents to compare and purchase different plans. This is the second time in 2012 that Christie has rejected legislation of this nature. The Democratic-controlled legislature in the state has been working to try to establish a health insurance exchange that would be run…