Open enrollment for Get Covered New Jersey, the state’s official health insurance marketplace began Friday — an effort state officials not only feel will allow more people to get coverage, but coverage at an affordable price.
For many, coverage will cost less than $10 a month thanks to financing from the state.
As a result of state and federal investments, nine in 10 people enrolling in health insurance through Get Covered New Jersey will qualify for savings and many can find a plan for $10 a month or less.
For the 2024 plan year, nearly 400,000 residents signed up for Get Covered New Jersey — a 16 percent increase over the previous year’s Open Enrollment Period and a 61 percent increase since the Murphy Administration took over operations of the marketplace in 2020 for plan year 2021.
The state expanded the open enrollment period in 2020 to three months — from the previous six-week window — and began offering state subsidies, and invested more in outreach and trained experts, Get Covered New Jersey Navigators, who provide free, unbiased enrollment assistance to residents in the community.
The open enrollment period for 2025 coverage at Get Covered New Jersey runs from Nov. 1, 2024, to Jan. 31, 2025. Consumers must enroll by Dec. 31, 2024, for coverage starting Jan. 1; if they enroll by Jan. 31, 2025, coverage will start Feb. 1, 2025.
For the 2025 plan year, consumers will also benefit from action that limits prescription drug costs by capping copays for certain medications. All Get Covered New Jersey health plans will cap the out-of-pocket cost of insulin at $35 per month as well as cap out-of-pocket costs for EpiPens and asthma inhalers at $25 and $50 respectively for a month’s supply.
“Access to health care has been a priority of our administration since day one,” Murphy said. “Individuals and families can find quality, affordable health insurance through our state marketplace, and the overwhelming majority will be eligible for financial assistance to lower their monthly costs.
“With record levels of financial help remaining available for residents, we encourage anyone who needs health insurance to check out the variety of plan options available during this annual open enrollment period.”
