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NJ Will Pay More for Obamacare than Most States [AUDIO]

The online registration launch is set for Tuesday for the Affordable Care Act (ACA), also known as Obamacare.

Joe Raedle, Getty Images

While many questions continue to swirl around the implementation of the health care exchange one thing is for certain; New Jersey residents who participate will pay higher premiums than the national average.

“We are a high cost of living state so it’s not surprising that the price is going to be a little more than it is in other states, but it’s still less than it is now,” says Congressman Frank Pallone, Jr. (NJ-06), a ranking member the House Energy and Commerce Subcommittee on Health. “The hospital costs are probably greater here. Doctors maybe charge more. You know, a lot of things cost more in New jersey and that translates into somewhat higher insurance costs than the rest of the country just because things cost more in our state than they do in like South Dakota and Montana.”

Beginning October 1, the new Marketplace will be open for business where New Jerseyans will be able to shop for and purchase health insurance coverage in one place. There are 29 different plans from which to choose. They’re categorized as either “gold,” “silver,” or “bronze.” Young adults will also have the option of purchasing a “catastrophic” plan, increasing their options.

“You get different options from Chevrolet to Cadillac as we say,” explains Pallone. “Of course, the greater benefits are going to cost you more.”

Consumers will be able to find out whether they qualify for premium assistance through subsidies and compare plans side-by-side based on pricing, quality and benefits. No one can be denied coverage because of a preexisting condition. The first open enrollment period runs through March 2014, and coverage begins as early as January 1.

In New Jersey, the average premium for the lowest-cost silver plan will be $382 per month and for the lowest cost bronze plan it will be $332 per month. The average national premiums for those plans are $328 and $249 respectively.

Under the ACA, health plans are now required to allow parents to keep their children under age 26 without job-based coverage on their family coverage. Over 70,000 young adults in New Jersey gained or were able to keep their insurance coverage as a result of these provisions.

You can get health care coverage information through HealthCare.gov, or Cuidadodesalud.

You can also call 1-800-318-2596 toll free to speak with a trained customer service representative. The hotline is open 24 hours a day, seven days a week and there are translation services available in 150 languages.

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