There are more than one million people who don’t have health insurance in New Jersey. Most uninsured New Jerseyites are in working families.The largest number of uninsured are those aged 30-49, but the rate of uninsurance is highest for young adults, aged 19-29. Many residents are not protecting their health because they feel affordable coverage is not available; That is not always the case. There are several health insurance providers in New Jersey and consumers have the option of comparing cost to find coverage that falls within their budget. New Jersey is in many ways different than finding insurance in other states. New Jersey is a “guaranteed issue state” meaning that medical underwriting is not allowed on the individual market there. In other words, unlike in most other states, when you apply for an individual plan in New Jersey, you cannot be denied or excluded based on previous medical conditions, with some exceptions. Here is additional information on finding low cost coverage in New Jersey.
New Jersey Individual Health Insurance
Finding health insurance in the state of New Jersey is in many ways different than finding insurance in other states. New Jersey is a “guaranteed issue state” meaning that medical underwriting is not allowed on the individual market there. In other words, unlike in most other states, when you apply for an individual plan in New Jersey, you cannot be denied or excluded based on previous medical conditions, with some exceptions. Health insurance companies are for-profit entities. When they agree to insure you, they are betting that you will pay more into the company in the form of premiums than they will pay out for your medical claims.
New Jersey Group Health Insurance
One of the most comprehensive plans in New Jersey is group health insurance. This coverage is offered through your employer and is usually the most affordable option. Group insurance is typically more affordable with richer benefits because there is an ability to adjust the price of the health plan by age and gender. The medical cost are essentially shared among the group which reduces spending for everyone. These plans are often written so that you can still qualify even if you have a pre-existing condition– that’s because the risk is spread across all the paying members of your group.
New Jersey Family Health Insurance
These days every family is trying to keep their budgets under control, and part of every family’s budget is the cost of family health insurance. Selecting this type of insurance requires considering how many family members you want to cover, as well as, what coverage will be best for each person. It is necessary to have as much family health insurance as possible because it could conceivably cost more to not have insurance than it does to have it. Children get sick and things happen in the course of daily life, and all it would take is one severe illness or one crippling accident to send a family without family health insurance to bankruptcy.
New Jersey Short Term Health Insurance
There is no short term plan available in New Jersey, because short-term health insurance is a medically underwritten product which is not permitted in the state.
New Jersey Student Health Insurance
New Jersey students should not go without healthcare. Many colleges and universities make it mandatory for student to have health insurance. It is too risky not having it. While you may be young and healthy now, sudden illness and accidents can happen. You will be relieved if you have college student health insurance.Many colleges and universities will allow you to use the university health center because it is included in your tuition, but the center only offers basic health care. On the other hand, affordable student health insurance also covers visits to primary care physicians, specialists, and diagnostic centers, and hospitalizations. Without that coverage, the cost of your medical care will come out of your (or your parents’ pocket).
