New Jersey Touts Lower Estimated Premiums Due To New Subsidies

Individual market rates in New Jersey will increase by an average 3.3% for the 2021 plan year but most marketplace enrollees will see lower premiums due to new state-level subsidies, the New Jersey Department of Banking and Insurance announced Sept. 14. New Jersey is also on track to transition to a state-based exchange for the upcoming plan year and has extended its open enrollment period through Jan. 31. About 316,000 residents currently buy coverage through the marketplace, according to DBI...