Governor Murphy Announces State to Assume Greater Control of ACA Marketplace in NJ - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 16, 2018 Newswires
Share
Share
Post
Email

Governor Murphy Announces State to Assume Greater Control of ACA Marketplace in NJ

Targeted News Service (Press Releases)

TRENTON, New Jersey, May 15 -- Gov. Phil Murphy, D-New Jersey, issued the following news release:

Governor Phil Murphy today announced that the state will take over the plan management functions of the Affordable Care Act marketplace for the upcoming 2019 enrollment period, assuming greater control over the health exchange in New Jersey.

The Governor recently sent a letter notifying the Centers for Medicare & Medicaid Services that the Department of Banking and Insurance will perform the plan management functions of the marketplace and, therefore, review for compliance with the ACA and New Jersey law all plans to be sold on the health exchange in New Jersey for plan year 2019. The move continues the Murphy Administration's commitment to the success of the Affordable Care Act. Governor Murphy in January signed an Executive Order directing all state agencies that interact with the public to provide information regarding enrollment in the ACA marketplace.

"At a time when President Trump is attempting to dismantle the Affordable Care Act, it is up to states to step up and protect access to affordable quality health coverage," said Governor Murphy. "New Jersey is committed to increasing enrollment to ensure as many individuals are covered by health insurance as possible. My administration also believes it is critical that the insurance offered in the state contain all the protections required under New Jersey law and the Affordable Care Act. Assuming responsibility for managing the plans sold on the exchange is a vital step in this process."

The Department of Banking and Insurance has the responsibility of reviewing health plans sold in the state to ensure compliance with state laws. It currently performs review functions for the individual and small group market. The Department also reviews and makes recommendations to CMS regarding certification of plans for sale on the exchange in New Jersey. Plan management by the state will officially transfer the review function to the department as the regulatory authority in the state.

"We are dedicated to making sure that residents have access to affordable, quality health coverage and that plans sold in our state comply with New Jersey law and the provisions of the Affordable Care Act," said Department of Banking and Insurance Acting Commissioner Marlene Caride. "The Department has the knowledge and expertise to take over the oversight and management of plans offered for sale on the exchange, but I believe it also has a responsibility to do so on behalf of our residents."

Carriers will submit plans this month to be offered for sale through the federal marketplace in New Jersey. All qualified health plans (QHP) application data will be submitted to the State using the SERFF system, which is currently used for various filings.

The enrollment period begins November 1, 2018.

The governor's letter to CMS is attached.

Letter_to_CMS.pdf (https://urldefense.proofpoint.com/v2/url?u=https-3A__t.e2ma.net_click_nzfou_nrddit_bq4raf&d=DwMFaQ&c=4BTEw-1msHjOY4ITcFLmDM6JB8x6ZgbU2J24IH0HZLU&r=xF3DPDNEH8rwpTwktOjb4MHQ0EgF6v3M0zt3hszQvyU&m=wxmyN2As_K4MQuH1DbXTMzPJDdbqcDH96AzVNaOwUiI&s=LdZ62m-Hg3P4S8ch3or2cxXrPeNtKVkYnz0rlyfvgp0&e=)

Older

Michael J. Flis (1959-2018)

Newer

As Trump takes aim at drug prices, Maine dad grapples with soaring cost of son’s insulin

Advisor News

  • Your client wants to cash out an annuity. Here’s what to consider
  • How student loan debt impacts 401(k) balances
  • The ‘sandwich generation’ faces compounded barriers to retirement savings
  • Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
  • Why client insurance needs could change even if their life doesn’t
More Advisor News

Annuity News

  • Regulators urged to sharply limit hypothetical data in annuity illustrations
  • Your client wants to cash out an annuity. Here’s what to consider
  • Oklahoma Insurance Dept. helps Oklahomans recover unclaimed life insurance benefits
  • Bitcoin gains ground in retirement market with Equitable annuity option
  • Best’s Special Report: First-Half 2026 Net Income in U.S. Life/Annuity Insurance Industry Dips Slightly
More Annuity News

Health/Employee Benefits News

  • NEW GAO REPORT: TAXPAYERS BANKROLLED OBAMACARE HEALTH INSURANCE PLANS COVERING ELECTIVE ABORTIONS FOR 4.4 MILLION INDIVIDUALS IN 2026
  • Trump wants your vote before he takes your healthcare away Opinion | Trump wants your vote before he takes your healthcare away
  • HYDE AMENDMENT VIOLATIONS AND TRANSPARENCY FAILURES REVEALEDNEW GAO REPORT: TAXPAYERS BANKROLLED OBAMACARE HEALTH INSURANCE PLANS COVERING ELECTIVE ABORTIONS FOR 4.4 MILLION INDIVIDUALS IN 2026
  • HYDE-SMITH, PRO-LIFE COLLEAGUES CALL ON RENEWAL OF TRUMP RULE TO STOP OBAMCARE ABORTION SERVICES
  • As health insurance premiums rise, CT officials say system is broken. Word ‘unsustainable’ spoken often.
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Oklahoma Insurance Dept. helps Oklahomans recover unclaimed life insurance benefits
  • DE-RESERVIFICATION, NOT DE-DOLLARIZATION
  • Better Business Bureau scam alert: Beware of life insurance impostors targeting older adults
  • Enterprise Life Marks 25 Years With Pledge to Drive Innovation
  • The next phase of life insurance investing
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.