NJ Residents Have Options with Affordable Care Act


By Senior Correspondent Desirée Taylor
NJ Today

In New Jersey, the Affordable Care Act offers lots of variety with plans tailored to income, according to Joel Cantor, at the Rutgers Center for State Health Policy.

“There are going to be four or five kinds of plans available, and they’ll be sort of scored by metal level — Bronze, Silver, Gold, Platinum. And then for some people something called the catastrophic plan. And as the preciousness of the metal goes up, the benefits will be richer,” Cantor said.

Here’s an example — a 22-year-old choosing the lowest cost Bronze plan will pay about $208 per month. For minimum Gold, it jumps to just over $289. Rates are much higher for older people. A 55-year-old will pay roughly $465 for the minimum Bronze plan and about $645 for the lowest Gold plan. Platinum plans cost the most. So what do you get for your money?

“The Bronze plan, for example, the plan itself would pay for the average person about 60 percent of total costs. The Platinum plan, about 90 percent of expected health care costs. So it’ll be a nice way to shop because you’ll be able to can compare apples to apples,” Cantor said.

If these rates sound expensive, Cantor says it’s all relative.

“The Gold plan sounds about right, about $700 a month. But if you were to look at the prices available in the market today, it could be $3,000 a month,” said Cantor.

People with low incomes can apply for subsidies to significantly reduce premium prices. But Cantor warns the rates released by the government are averages and some consumers will end up paying more.

In order to keep rates affordable, young and healthy people are going to have to sign up to help spread the risks and costs for sick people. So we asked folks in New Brunswick what they think about Obamacare.

“If my employer’s not offering me benefits, then of course I’ll be signing up for Obamacare,” said Andrew Khazanovich.

“I don’t like to be forced into buying anything by the government, so that’s primarily the reason that I’m against it,” said Paul Kolody of Manville.

Computer glitches could plague Obamacare’s debut and people who refuse to enroll will face penalties. It could be a bumpy roll-out when the marketplace opens Oct. 1.

  • Freda Mbilla

    I can”t wait to get my family and i a lowest gold or platinum insurance plan.thank god.

  • paul

    The quote ““I don’t like to be forced into buying anything by the government, so that’s primarily the reason that I’m against it,” is incorrect. No one is buying from the government. Each person can select a PRIVATE insurance companies to choose from. The government is only providing a marketplace where the consumer has the right to choose and shop whom they would like to buy from, this is a freedom not gov’t stricture. This plan makes it more fair for everyone because hopefully no one will transfer their irresoponsibility of letting society pick up all their medical bills because of no insurance winding up in the emergency room and transfering their costs as uncompensated care to the rest of us.

    • d2j3d5

      He is correct when he said being forced to buy something by the government. You twisted it around when saying no one is buying from the government. When the government says you don’t have a choice in the matter and if you don’t get it you’ll get a tax penalty that is being forced. As far as a fair for everyone try this. Why has my ins. gone up 71% this year when nothing in my life has changed. Oh yeah, to pay for the people who will get the health care for nothing. Talk about those transffering costs you spoke of.