As a result of the COVID-19 pandemic, many individuals have lost their jobs and employer-based insurance. New Jersey Governor Murphy joins Biden Administration with creating a Special Enrollment Period for Affordable Care Act plans.
New Jersey transitioned from using the federally-facilitated marketplace, healthcare.gov, to its own marketplace last year, GetCovered.NJ.gov. The first Open Enrollment Period started November 1, 2020 and ends on January 31, 2021. Due to New Jersey operating on its own marketplace allows it more control over the health insurance market and the ability to better respond to the needs of the state, including setting its own Open Enrollment Period and establishing Special Enrollment Periods in response to the state’s needs.
New Jersey will extend the window for eligible uninsured residents to enroll in a health insurance plan through the marketplace or directly from carriers through a COVID-19 Special Enrollment Period through May 15, 2021.
The coverage effective dates will be as follows:
- Enroll by February 28, coverage effective March 1
- Enroll by March 31, coverage effective April 1
- Enroll by April 30, coverage effective May 1
- Enroll by May 15, coverage effective June 1
Residents shopping for health insurance through GetCovered.NJ.gov have access to a new state subsidy — called New Jersey Health Plan Savings – on top of premium tax credits and cost-sharing reductions available to lower the cost of their health insurance.
All plans available through Get Covered New Jersey meet the stringent standards of the Affordable Care Act and offer free preventive care, free telehealth during the COVID-19 public health emergency and for 90 days thereafter, and coverage for emergency services, mental health and substance use services, and more. All plans available through Get Covered New Jersey are also required to cover COVID-19 diagnostic testing and COVID-19 vaccinations without out-of-pocket costs.
For more information or assistance enrolling in a health insurance, call us today at 732-363-3888.
Cosmo Insurance Agency is a full-service independent insurance agency based in Hackensack (Bergen County) and Lakewood (Ocean County), New Jersey that offers an all-encompassing range of insurance options for both individuals and businesses. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating our knowledge of the insurance guidelines for healthcare, employee benefits, life insurance, self-insurance, dental, disability, and long term care insurance, we keep our clients up-to-date with affordable plans that cover all their specific insurance needs.
