Correction: Health Overhaul-New Jersey story
TRENTON, N.J. (AP) — In a story Oct. 17 about insurers raising premiums in New Jersey, The Associated Press reported erroneously on AmeriHealth’s reach in the state. AmeriHealth is already available throughout the state, but its Advantage suite of plans is expanding to six additional counties, 13 overall.
A corrected version of the story is below:
2 insurers raising premiums in health insurance marketplace
Two insurers will be charging higher premiums for New Jerseyans who buy coverage in the federal health insurance marketplace created by the Affordable Care Act
TRENTON, N.J. (AP) — Two insurers will be charging higher premiums for New Jerseyans who buy coverage in the federal health insurance marketplace created by the Affordable Care Act.
Horizon Blue Cross Blue Shield of New Jersey customers will see their rates rise by an average of 24 percent next year, while AmeriHealth of New Jersey policy holders will pay an average of 17 percent more.
The state-approved rate increases were made public Tuesday by the Department of Banking and Insurance.
Horizon and AmeriHealth are two of three insurers in New Jersey participating in the marketplace for 2018. The other is New York-based Oscar Health, which is returning after a year’s absence.
Along with increasing its rates, AmeriHealth is also expanding its Advantage suite of plans to six additional counties in 2018 to serve 13 total.