New Jersey celebrates record health insurance enrollment through Get Covered New Jersey

The Assembly Budget Committee of the New Jersey Legislature convened on April 9, 2025, to discuss the operational budget and ongoing initiatives of the state's health insurance marketplace, Get Covered New Jersey. The meeting highlighted the department's flat operational budget of $65.3 million for fiscal year 2026, which is funded by the industry it regulates.

The department reported significant growth in enrollment since the launch of Get Covered New Jersey in November 2020, with over half a million residents signing up during the most recent open enrollment period. This marks an 8% increase since the Murphy administration took over operations in 2020. The success of the marketplace is attributed to the state's efforts to provide quality, affordable health coverage, especially during a time when the Affordable Care Act faced challenges at the federal level.

However, concerns were raised regarding proposed federal actions that could undermine these achievements. The Centers for Medicare and Medicaid Services has suggested a rule that would shorten the open enrollment period from three months to six weeks, potentially limiting access for residents seeking coverage. Additionally, the department expressed worries about the expiration of enhanced federal premium tax credits, which could result in a loss of $500 million in federal support for New Jerseyans, leading to increased health insurance costs for approximately 455,000 residents.

The meeting also addressed the expanded access special enrollment period, which allows low-income residents to enroll in health plans outside the annual enrollment window. This initiative is at risk due to the proposed federal changes. The department emphasized the importance of maintaining these programs to ensure that vulnerable populations continue to have access to affordable health coverage.

Furthermore, the committee discussed the state's investment in outreach and education efforts, including a $5 million campaign to support navigators who assist residents in multiple languages. This initiative aims to enhance public awareness of available health coverage options.

In conclusion, the meeting underscored the successes of Get Covered New Jersey while highlighting significant challenges posed by potential federal policy changes. The department plans to submit formal comments on the proposed rule changes, advocating for the continuation of programs that have proven essential in providing affordable health insurance to New Jersey residents. The committee's discussions reflect a commitment to ensuring that access to quality healthcare remains a priority for the state.