What New Jersey Residents Need to Know About Obamacare for 2020
The Affordable Care Act, also known as Obamacare, has not been struck down or repealed.
As of January 2020, the ongoing federal court case challenging the ACA is still moving through the courts. The penalty for being uninsured has been struck down but the rest of the law remains in effect.
This website provides information about getting health insurance under the Affordable Care Act (ACA), including:
- whether you must get health insurance
- what the available plans cover
- how much coverage will cost
- how to sign up for a plan
- how to get help if you need it.
To begin, keep in mind these key points about health insurance in New Jersey:
1. New Jersey law requires you to have health insurance.
The federal tax penalty for going without health insurance ended in 2019, but a handful of states, including New Jersey, have enacted laws to replace it. The requirement, called the "state shared responsibility tax," says that New Jersey residents must have health insurance that meets the requirements of the Affordable Care Act or face a state tax penalty. (For more information about penalty amounts, see the website of the New Jersey Treasury. You can find the law itself in the New Jersey Health Insurance Market Preservation Act of 2018.)
To find out whether you qualify for an exemption to the health insurance requirement, see Do I Have to Get Health Insurance in New Jersey?