Health insurance legislation sparks controversy in New Jersey

new jersey health insurance

Legislation aims to change the way insurance arrangements for employers work Controversial legislation in New Jersey has managed to speed its way through the state’s Legislature, but has encountered an legislative hurdle that may be difficult to overcome. The legislation, called A3421, is designed to create incentives for businesses to band together in order to offer health insurance policies through self-funded Multiple Employer Welfare Arrangements. Critics of the legislation suggest that this is a way for employers to charge more for the coverage they sponsor for older workers. Companies in…

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New Jersey home to some of the most expensive health insurance coverage in the US

new jersey health insurance

Report highlights the costs of insurance coverage throughout the US under the Affordable Care Act The U.S. Department of Health and Human Services has released a report that serves as the federal government’s first concerted effort to evaluate the affordability and availability of insurance coverage through the Affordable Care Act. Some 36 states were evaluated for the report and the federal agency found that New Jersey was home to some of the most expensive coverage in the country. New Jersey residents are paying significantly more for their health insurance coverage…

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Health insurance high risk pool comes to an end today

new jersey health insurance

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…

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Aetna pulls out of New Jersey health insurance exchange

New Jersey Health Insurance

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…

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Enrollment in New Jersey health insurance program to be frozen

New Jersey Health Insurance

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…

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