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
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…
Read MoreEnrollment in New Jersey health insurance program to be frozen
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…
Read MoreHealth insurance more expensive for New Jersey workers than others
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…
Read MoreHealth insurance in New Jersey is most expensive at the biggest organizations
A new study from ADP has found the it is the large companies that pay the most for coverage. The results of the latest research by Automatic Data Processing (ADP) have been released in a recent report, which has indicated that it is the residents of New Jersey who work for large businesses that typically pay the highest amount for their health insurance premiums. This is the case in New Jersey more than in any other state, said the ADP study. The research showed that the average New Jersey employee…
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