Recently the Affordable Healthcare Act was passed so that everyone had access to health insurance. Prior to that there were many people who were unable to get insurance because of the cost or due to pre-existing conditions. If you have been shopping for New Jersey health insurance with newjersey-insurance.net/new-jersey-health-insurance/, you know that the legislature in New Jersey put together two programs back in 1992 that guaranteed health coverage for individuals as well as for small business owners.
The Individual Health Coverage Program, also known as IHC, was created so that individuals who didn’t have an employer to provide insurance for them or didn’t qualify for any government programs could purchase affordable coverage on their own. This meant that they could purchase health insurance for themselves as well as their family members through private insurance companies.
These plans are renewable and created by the board of the Individual Health Coverage program as well as the plans sold by insurers referred to as B&E plans, or Basic and Essential. Both of these types of plans are available to one individual person, a family unit, two adults, or one adult and a child or children. The plans chosen could be from an indemnity plan, an HMO or managed care plan which uses a network of providers, or a PPO, Preferred Provider Organization. An Exclusive Provider Organization, or EPO, works in conjunction with the B&E plans.
Anyone who employs from 2 to 50 people is eligible to check out the Small Employer Health Benefits Program. The occupation of the group is never an issue nor is the health status of any of the members. Some people are able to continue their health insurance coverage when they leave a company by contracting for ongoing coverage through COBRA. This type of coverage is expensive and if one payment is received even a day after the due date the policy is cancelled.
There are guidelines, restrictions, and revisions to both policies so make sure you check out the website for the State of New Jersey under the Department of Banking & Insurance on their website. You may also check out the plans available through the Affordable Act Insurance or seek out individual agencies that may be able to help you. This is the best time to get health insurance because you cannot be turned down due to a pre-existing condition.