Nearly 400K sign up through Get Covered N.J. — 16% year-to-year increase

Nearly 400,000 New Jerseyans signed up for health coverage through Get Covered New Jersey during the Affordable Care Act Open Enrollment Period, a record enrollment that is a 16% increase from the previous year.

A total of 397,942 New Jersey residents signed up during the period of Nov. 1, 2023-Jan. 31. The number marks a 61% increase since Gov. Phil Murphy’s administration took over operation in 2020 for plan year 2021. Plan selections have increased by over 150,000 (61%), compared with the 246,426 New Jersey consumers who were enrolled in federal marketplace coverage in plan year 2020.

Murphy and acting Department of Banking and Insurance Commissioner Justin Zimmerman obviously were thrilled.

“This year’s record-breaking Open Enrollment Period means that more New Jerseyans than ever before have access to quality, affordable health insurance through Get Covered New Jersey,” Murphy said.

“Since establishing the marketplace, New Jersey has worked to maximize financial support to reduce monthly health insurance costs — opening the door to comprehensive coverage for hundreds of thousands of residents. These extraordinary enrollment numbers are a reflection of our commitment to providing New Jersey residents with the coverage options to keep them healthy and thriving.”

Zimmerman agreed.

“The historic increase in enrollment under the Murphy administration is evidence of the significant progress made in building a state-based health insurance marketplace tailored to the needs of New Jerseyans,” he said. “Residents have access to expanded plan options with record savings through Get Covered New Jersey thanks to dedicated state funding and expanded federal tax credits. It is clear that the marketplace is serving a critical purpose and meeting its intended goal of providing New Jerseyans with the quality, affordable health insurance they deserve.”