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295K from N.J. enrolled in Obamacare in 2016

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New Jersey saw about 295,000 enrollees in the Affordable Care Act marketplace this year, according to numbers released Wednesday by the Centers for Medicare and Medicaid Services.

That’s an increase from 288,000 who selected a marketplace plan in 2016.

The statistics on enrollment supplied by CMS paint a picture of stability for New Jersey, despite its having lost three insurers — Health Republic of New Jersey, the co-op that was liquidated; Oscar Health, the startup based in New York; and UnitedHealthcare, which pulled out of the market in several states.

In rankings of financial assistance and consumers who switched plans, New Jersey was placed in the bottom half of the list, according to CMS data.

The majority of enrollees, more than 234,000, signed up for silver plans. Nationally, 71 percent of enrollees signed up for the silver plans.

The largest bump in enrollment came in the middle of December last year, right before the holidays, according to CMS data.

The average premium paid by New Jerseyans was $479, ranking it 27th on the list of average premiums around the country, and the largest group of enrollees in the state are ages 55-64.

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Write to the Editorial Department at editorial@njbiz.com

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