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NJ residents have costly health insurance benefits

New Jersey residents who bought health insurance benefits through online broker eHealth.com during the open enrollment period purchased the most expensive policies in the country, The Star-Ledger reported. 

Monthly premiums of many types of health insurance plans have increased in recent years, but New Jersey residents’ wallets are seeing the biggest impact – the average premium for New Jersey residents looking at a family plan was $987 a month. Those who wanted an individual plan didn’t experience costs as high, with the average premium being $346 a month – only the third highest in the nation.

A large chunk of people in the state are experiencing these prices. According to the news source, approximately 162,000 New Jersey residents enrolled in Affordable Care Act insurance plans.

One reason why theses averages may be so high could be that many New Jersey residents picked Silver plans, rather than the cheaper Bronze plans. The Star-Ledger reported 47 percent of Americans who purchased plans through eHealth chose Bronze plans, while only 28 percent of New Jersey residents picked these health plans. Forty percent ended up picking the Silver plan, which covers nearly three-quarters of health care costs, the news source reported.

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Erin Woulfe
Erin Woulfe
Erin Woulfe likes to write about things that matter. Keeping her finger on the pulse of what’s happening in the public sector world, she blogs about the latest legislative news and employee benefit trends that affect our school, city and county clients. She’s been with NIS since 2002. “I love connecting to our clients and providing them with the tools they need in order to administrate their plan,” says Erin. “Whether that be materials to educate their employees on certain benefits, how to effectively communicate change within an organization or just providing tips and how-to’s to help them make their job easier.”

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