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State insurance commissioner warns federal changes could shrink New Jersey marketplace gains
Summary
Department of Banking and Insurance Commissioner Justin Zimmerman told the Senate Budget Committee that Get Covered New Jersey has grown to more than half a million enrollees and depends on federal pass-through funding and state subsidies now at risk from expiring tax credits and a proposed CMS rule that would shorten enrollment windows.
Commissioner Justin Zimmerman of the New Jersey Department of Banking and Insurance told the Senate Budget and Appropriations Committee on May 1 that the state's health insurance marketplace, Get Covered New Jersey, has reached record enrollment and that recent federal actions threaten that progress.
Zimmerman said the department's FY2026 operational budget is $65,300,000 and that the exchange enrolled "over half a million New Jerseyans" during the most recent open-enrollment period. He credited state policy changes and expanded outreach'including a bilingual advertising campaign and a…
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