TRENTON, N.J. (AP) — Many uninsured New Jersey residents can begin choosing health plans this week as online insurance exchanges across the country launch.
The marketplaces are a major component of President Barack Obama’s health insurance overhaul. They launch Tuesday.
New Jersey’s is one of 36 being run by the federal government. That’s because Gov. Chris Christie declined to have the state oversee it.
The state has about 1.3 million uninsured residents, and the majority of them are expected to be eligible for the exchange, which will offer plans from three insurance companies.
The price tags on plans are less than many people with private insurance in the state pay now, and federal subsidies will be available for many who sign up, depending on their incomes.
The coverage is to begin Jan. 1.
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