Affordable health care may cost more in NJ
EDISON - Residents looking to use New Jersey's new health insurance marketplace may find they'll be paying more than those in other states.
It's estimated that at least two-thirds of more than 900,000 uninsured New Jersey residents will be eligible for health insurance under the Affordable Care Act. However, fewer insurance options in the Garden State may drive up the cost.
Since only three insurance companies are taking part in the state's marketplace, the average premiums will cost about $382 a month, compared to an average of about $310 in other states.
Those who do qualify but elect not to purchase coverage will face a fine of $95 next year, which is collected through income tax returns.
Enrollment is set to begin on Oct. 1 and continues through March 31.