Affordable health care may cost more in NJ

Residents looking to use New Jersey's new health insurance marketplace may find they'll be paying more than those in other states. It's estimated that at

Since only three insurance companies are taking part in the state's marketplace, the average premiums will cost about $382 a month, compared to an average of about $310 in other states.

Since only three insurance companies are taking part in the state's marketplace, the average premiums will cost about $382 a month, compared to an average of about $310 in other states. (9/25/13)

EDISON - Residents looking to use New Jersey's new health insurance marketplace may find they'll be paying more than those in other states.

It's estimated that at least two-thirds of more than 900,000 uninsured New Jersey residents will be eligible for health insurance under the Affordable Care Act. However, fewer insurance options in the Garden State may drive up the cost.

Since only three insurance companies are taking part in the state's marketplace, the average premiums will cost about $382 a month, compared to an average of about $310 in other states.

Those who do qualify but elect not to purchase coverage will face a fine of $95 next year, which is collected through income tax returns.

Enrollment is set to begin on Oct. 1 and continues through March 31.

advertisement | advertise on News 12

Trending Video

Video: Preparing White House for new president 'organized 1 Video: Preparing White House for new president 'organized chaos'
From a businessman in Atlantic City to president 2 From businessman to president, a look at Donald Trump's journey
Workers help build a deck for Boonton resident 3 Nonprofit group builds deck for disabled veteran
Connor Mills is today's Scholar Athlete. 4 Scholar Athlete - Connor Mills
Jersey Weekend Buzz 5 Jersey Weekend Buzz

advertisement | advertise on News 12

More News

Rep. Frank Pallone met with his constituents Tuesday Pallone touts benefits of Affordable Care Act in New Brunswick

Rep. Frank Pallone met with his constituents Tuesday to explain who will be eligible for

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE