Everyone who lives in New Jersey, deserves health care that delivers top quality care at an affordable price. They deserve health care that is accessible and fair. If you’re looking for affordable individual health insurance in New Jersey, this article will help to point you in the right direction.

Affordable New Jersey Individual Health Insurance Plans

In today’s health insurance market, the most important thing is providing adequate coverage at a price the public can afford. Major insurance companies are rolling out new plans that can do that for you. The most popular new plan is the (HDHP) High Deductible Health Plan. As with car insurance, health insurance premiums are greatly affected by the deductible amount you choose.

The deductible amount you choose can be anywhere from $1000 up to $10,000. High deductible health plans can be paired with an (HSA) Health Savings Account to get the best coverage and cost-savings.

This is how it works: A high deductible health plan has a high deductible amount that you must pay before the insurance plan begins to pay. The minimum deductible for a plan to be considered an HDHP is $1000. The higher deductible lowers your monthly premium by as much as half in some cases.

You can then take a portion of this savings and put it into a HSA health savings account for any future deductibles you might have to pay. This type of plan is gaining popularity among many Americans searching for affordable health insurance.

New Jersey Health Insurance Quotes

Now that almost all major insurance companies have made their plans available online, you can go shopping for health insurance any time, night or day, for affordable individual health insurance.

Medical insurance is the logical answer to your family’s healthcare needs. In the event of medical mishaps, suitable health coverage can save you from unanticipated medical bills. Shopping for a policy is tedious and needs evaluation of family’s medical needs and finances. If you are a New Jersey resident, you can choose from wide range of coverage alternatives. The New Jersey Department of Banking and Insurance regulates the laws under which the New Jersey health insurers can sell private health plans to individuals and families.

To purchase individual medical insurance in New Jersey you must have resided in the state for a period of 6 months or have recently moved to the state with the intent of staying 6 months or longer. Medical underwriting is not permitted for individual health plans in New Jersey. This restricts the insurance companies from declining to provide health coverage to a person based on their past or current health status. New Jersey insurance carriers are required to offer five standardized individual health products that must include a basic health plan. The insurance carrier is allowed a 6 month look back period and a 12 month exclusionary period for pre-existing health conditions. The maximum exclusionary period is 12 months and elimination riders are not permitted. Premium rates are community based and may vary depending upon the age, gender and location of applicant. You are not eligible to buy individual medical insurance in New Jersey if you have access to group health insurance.