In a report released this week by the Department of Health & Human Services (HHS), New Jersey health insurance premiums under the Exchange are estimated to be higher than the national average. On October 1, 2013, an estimated two-thirds of New Jersey's 900,000 uninsured residents will be eligible for health insurance.
HHS estimates NJ residents will have an average of 29 different health plans to choose from in the marketplace, at several levels of coverage. The national average of plans per state is 53. The report estimates that New Jersey's benchmark silver plan, covering 70% of a family's health expenses, will cost approximately $385 monthly, compared to $322 per month nationally.
Subsidies will be available to low and moderate income families, significantly reducing the premium costs through tax credit discounts. HHS reports that more than half of the nation's uninsured will be able to find coverage for less than $100 per month after such discounts and coverage through Medicaid plans. Read the full report: CLICK HERE
No comments:
Post a Comment