Harold Brubaker The Philadelphia Investigator
New Jersey sees big surge in health insurance enrollments in its Affordable Care Act market, as consumers enjoy second year of increased subsidies under federal law designed to help the economy America through the coronavirus pandemic.
Enrollments for 2022 plans in the state were up 27% through Dec.5, compared to the same time last year. The total number of registrations in the state was 286,955, up from 226,727 last year, during the current open registration period starting November 1.
Residents have until December 31 to purchase coverage starting January 1 and until the end of January for coverage starting in February. Consumers can register on GetCoveredNJ. Nine in ten will receive a grant, state officials said.
“We are delighted that residents are taking advantage of the significant financial assistance that is now available in New Jersey as a result of federal and state action taken to reduce the cost of affordable and quality health insurance,” Marlene Caride, Commissioner of the New Jersey Department of Banking and Insurance, said in a statement.
The grants were increased by the American Rescue Plan Act in April.
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Before the changes, grants were only available to people earning less than 400% of the federal poverty line, or about $ 51,000 for an individual.