The New Jersey Department of Banking and Insurance has announced final 2027 premiums for individual health plans. Enrollment on the state's official marketplace, Get Covered New Jersey, runs from Nov. 1 through Jan. 31, 2027, and individual market premiums will rise by a weighted average of 19.8%.
The New Jersey Department of Banking and Insurance (NJDOBI) announced final 2027 individual health insurance premiums on the 15th. Individual market premiums, including those on the state's official health insurance marketplace, Get Covered New Jersey, will rise by a weighted average of 19.8%. The 2027 enrollment period runs from Sunday, Nov. 1, through Jan. 31, 2027.
Average increases by insurer are 35.7% for UnitedHealthcare, 29.3% for Oscar, 20.8% for Ambetter, 17.0% for AmeriHealth and 15.3% for Horizon. These figures apply to plans without subsidies. The department said insurers cited rising medical and prescription drug costs, as well as a worsening enrollee mix after the federal government did not extend the enhanced premium tax credits.
However, depending on income, state subsidies and the remaining federal subsidies may reduce what enrollees actually pay. Depending on income level, some residents may also qualify for NJ FamilyCare, which is available at low or no cost. The department said Get Covered New Jersey offers free help with checking subsidy eligibility and enrolling through trained assisters.
Before enrolling, it is a good idea to check whether your current plan will remain available next year and to compare what your premium would be after subsidies are applied. Enrollment in private health insurance for 2027 in New York State also begins on the same day, Nov. 1.