New Jersey Will Take Over Its Health Insurance Exchange

New Jersey will manage the health insurance exchange under the Affordable Care Act during the 2019 health insurance enrollment period.

Gov. Phil Murphy, in a letter sent to the Centers for Medicare and Medicaid Services, said the state will take over management of New Jersey’s Affordable Care Act marketplace, including reviewing all individual plans to be sold on the state’s health insurance exchange for compliance with the ACA and New Jersey law.

Currently, the state’s Department of Banking and Insurance reviews plans on the individual and small group exchanges and makes recommendations to CMS regarding certification of plans for sale on the state’s health insurance exchange.

“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 Murphy in his letter. “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.” Copyright 2018 BridgeTower Media. All Rights Reserved.

CREDIT: Vince Calio