NJ moves closer to state-based health insurance marketplace

Julie Daurio, Producer | August 5, 2019 | Health Care

New Jersey could switch over to a state-based health insurance marketplace a year sooner than initially planned.

The state Department of Banking and Insurance, or DOBI, has asked the federal government for permission to start oversight of the exchange for the 2020 enrollment period, which starts Nov. 1.

The state would pay for outreach efforts and oversee the exchange, but enrollment would still take place on the federal healthcare.gov website.

According to DOBI, this will allow the state to better transition to a full state-based exchange for the 2021 enrollment period, which begins next year.

Gov. Phil Murphy has said the move will give the state more control, allow it access to health care data and will provide protection against Republican-led efforts at the federal level to repeal or replace the Affordable Care Act.

More than 315,000 New Jerseyans are covered by health insurance plans purchased on the federal marketplace.