Enrollment in Get Covered New Jersey, the state’s healthcare exchange, is down approximately 14% as of April 15, according to the N.J. Department of Banking and Insurance (DOBI).
The downward trend was expected following the expiration of enhanced premium subsidies enacted during the Obama Administration. In New Jersey, the percentage of consumers receiving financial help to pay $10 a month or less for coverage fell from 48% for the 2025 plan year to 11% for plan year 2026.
“We are seeing the heartbreaking consequences of the federal government’s failure to extend the enhanced premium tax credits for tens of thousands across the Garden State,” DOBI Acting Commissioner Susan Ochs said in a press release.
State officials also pointed out that a growing number of New Jersey residents are choosing to “buy down” to plans that have lower premiums and much higher out-of-pocket costs.
Last year, approximately 83% of the enrollees were enrolled in a Silver plan, compared to this year’s percentage of 68%.
