Obamacare to End Affordable NJ Health Plan for Over 100K

Tuesday, 20 Aug 2013 01:02 PM

By Lisa Barron

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
A low-cost health insurance policy that covers more than 100,000 New Jersey residents is likely to disappear under Obamacare.

About 106,000 people in the Garden State —71 percent of those covered by the individual health market — have what are called "basic and essential," or B&E, healthcare plans, but they don't cover services that the Affordable Care Act requires every insurance policy to provide, reports the Newark Star-Ledger.

As a result, after Dec. 31, insurers in New Jersey will not be able to sell or renew several plans, including B&E policies, meaning huge cost increases for those who held them.

"In general, richer products translate into higher premiums," Larry Altman vice president of the Office of Healthcare Reform at Horizon Blue Cross Blue Shield, told the Star-Ledger.

B&E plans, which provides minimum coverage for things like doctor's visits and procedures that don't involve a hospital stay, cost as little as $150 a month for a single male under 25 years old and $1,100 a month for a family with parents in their 40s or for two adults in their early 60s.

A standard health policy on the individual market can "easily" be three or four times that amount, according to Joel Cantor, director for the Center for State Health Policy at Rutgers University.

Under the health care reform law, subsidies will be available for those whose income is at or below four-times the federal poverty level, or around $46,000 for an individual and about $94,000 for a family of four.

But it's not clear how many B&E subscribers will be eligible.

"A lot of folks on the individual market will see price increases if they're not eligible," Ward Sanders, president of the New Jersey Association of Health Plans, told the Star-Ledger.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Retype Email:
Zip Code:
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Kim Novak Hits Back at Post-Oscar 'Bullies'

Friday, 18 Apr 2014 19:57 PM

Veteran actress Kim Novak has lashed out at the bullies who mocked and criticized her appearance at the Academy Awards . . .

Few Clues as to How US Mystery Jet Ended Up in Iran

Friday, 18 Apr 2014 19:51 PM

The saga of an American plane owned in trust by a little bank in Utah that wound up at an airport in Iran's capital this . . .

Teen Suspended for Asking Miss America to Prom

Friday, 18 Apr 2014 19:36 PM

A Pennsylvania high school student is in hot water for asking Miss America to prom during a question and answer session  . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved