No matter what state you live in, finding affordable health insurance is critical to staying afloat during these tough economic times without sacrificing the health and well-being of yourself and your loved ones. In New Jersey, you have a fair share of assistance but also certain obstacles, as each state tries to enact health care reform that meets their demographics. Unfortunately, health insurance in New Jersey is heavily dependent on employer-based coverage so a jobs market that continues to languish is hitting the Garden State particularly hard. Still, by knowing what your options are and using an online referral service to find an affordable New Jersey health insurance quote, you greatly enhance your chances of finding a health plan that works for you and your budget.
New Jersey Health Insurance Information
In general, New Jersey health insurance is a mixed bag between sensible blue-collar workers and the high cost of living and health care that dominates northeastern states. In fact, according to the Kaiser Family Foundation, annual New Jersey health care spending per capita is $5,807, among the highest in the nation but among the lowest of any northeast state. Moreover, health care cost inflation is at 5.4%, nearly identical to the national average of 5.5%. To learn more, use this Kaiser Family Foundation link for more general New Jersey Health Insurance Information.
Find a New Jersey Health Insurance Quote on the Individual Market
With 59% of residents securing health insurance through an employer-based health plan and only 3.8% of residents buying their health plan on the individual market, it can be tough to find an affordable health insurance quote on the individual market with a flexible health plan that meets your needs. The best way to find a New Jersey health insurance quote is with an online referral service, like NetQuote. By taking just a few minutes to fill out a brief online form, health insurance companies will take the initiative to contact you, provide you with fast, preliminary quotes, and allow you to talk to a customer sales rep that will guide you through various health plan options that meet your heath insurance and health care needs.
Continuing New Jersey Health Coverage for Young Adults
Beyond the high prevalence of traditional jobs that provide health insurance through employer-based plans, another reason so few New Jersey residents carry an individual health insurance plan is the generous age allowance for continuing coverage under a parent's health plan. New Jersey law allows for qualifying residents to obtain dependent-based health insurance until their 31st birthday. To read more about this program and necessary qualifications, click here.
Find a Small Employer New Jersey Health Insurance Quote
Finally, if you're looking for small group health insurance plans --either as a small business, independent contractor, or other qualifying group --New Jersey focuses on controlling the cost of these plans with a number of measures, such as limiting the number of factors that influence rates and limiting the cost disparity to a two-to-one ratio (the most expensive rates can be only twice the cost of the cheapest rates).
Even small group health insurance is best found with an online referral service, like NetQuote. The same advantages apply including lower overhead costs for the insurance company which, in turn, helps lower health insurance rates. Once you've made an online request, you can find out more about small group health insurance in New Jersey by using this link.