Best Health Insurance Companies In New Jersey

With over a decade in New Jersey and 15 years in health insurance, I’ve found Aetna to be a top choice for those seeking high-quality, cost-effective coverage.

Aetna’s Silver plans in New Jersey have an average premium of about $470 per month, but exact rates differ based on individual factors. A 40-year-old, for example, may pay around $573.

Aetna’s strong provider network and added perks, like CVS Health discounts, make them even more appealing. Their low rate of customer complaints also sets them apart from competitors.

How Much Does Health Insurance Cost In New Jersey?

New Jersey health insurance rates depend on age, location, and plan type. In 2025, Silver plans cost around $462 per month, Bronze plans average $384, and Gold plans cost $634. Catastrophic plans, ideal for young, healthy people, cost roughly $375 per month.

A 40-year-old typically pays about $573 for a Silver plan. Subsidies, employer benefits, and marketplace options influence final costs, and many New Jersians qualify for ACA financial aid.

Average Cost By Coverage Level

Your health insurance cost in New Jersey will depend on the level of coverage you choose. There are four plan tiers—Bronze, Silver, Gold, and Platinum—each with different premium costs and out-of-pocket expenses.

Bronze plans are the cheapest in terms of monthly premiums but come with higher deductibles, while Platinum plans have higher monthly costs but lower out-of-pocket expenses. Below is a breakdown of the average premiums for each tier.

Average Cost By Family Size

In New Jersey, the price of health insurance is influenced by the number of covered individuals. Individual policies tend to be cheaper, while family plans—designed for spouses and children—come with higher premiums based on the number of people enrolled. Below is a chart of average monthly premium costs for different family sizes.

Average Cost Of Health Insurance Plans By City

Insurance costs in New Jersey vary by city, with factors like hospital pricing, insurer availability, and regional health risks affecting premiums. Below is a look at the average monthly cost of Silver plans in five major cities.

How To Save On Health Insurance In New Jersey

New Jersians can reduce their healthcare costs by selecting the right coverage, accessing financial support, and managing medical expenses wisely. Here are some practical ways to save money.

• Opt for a High-Deductible Health Plan (HDHP): These plans come with lower premiums and can be paired with a Health Savings Account (HSA) to save on medical costs tax-free.
• Compare Marketplace Plans: Reviewing multiple options helps you find the best coverage at the lowest price.
• Check for ACA Subsidies: Based on income, you may qualify for Affordable Care Act (ACA) financial aid.
• Use Employer Health Insurance: If your job offers coverage, it’s often the most cost-effective choice.
• Stay In-Network: Using in-network providers helps you avoid surprise bills.
• Take Advantage of Preventive Care: Many plans provide free screenings and vaccinations.
• Choose Generic Medications: Generics are much cheaper than name-brand prescriptions.

Texans can protect their health and budget by choosing cost-effective insurance plans wisely.

Cheapest Health Insurance Companies In New Jersey

To get the best value on health insurance in New Jersey, it’s smart to compare prices. Below are five insurance companies offering Silver plans at some of the lowest average monthly premiums.

Disclaimer: The listed prices are estimates for a 40-year-old. Your premium may vary depending on your location, age, and eligibility for subsidies.

To further cut costs, see if you qualify for ACA financial assistance. Many New Jersians lower their insurance expenses through available subsidy programs.

How To Sign Up For A Health Insurance Policy

Getting insured in New Jersey is a straightforward process, but being mindful of deadlines is critical.

• Check Your Coverage Options – See if you can get insurance through work, the government, or the ACA.
• Visit the Marketplace Website – Create an account to start the enrollment process.
• Review Available Plans – Compare costs, provider networks, and benefits.
• See If You Get a Subsidy – Eligible applicants may receive financial assistance.
• Pick a Plan – Select an insurance plan that works best for you.
• Submit Your Application – Provide the required information and documents.
• Make Your First Payment – Coverage begins once you pay the first premium.

If you experience a major life event—like getting married or losing your job—you may still be able to enroll in health insurance.

Health Insurance Coverage Levels

New Jersians looking for health insurance can pick from four tiers, each offering unique cost and coverage levels. Understanding them helps in making the right decision.

Bronze – The cheapest monthly cost, but you’ll pay more when you use medical services. Best for healthy individuals.
Silver – A moderate-cost option with financial assistance available for those who qualify.
Gold – More expensive upfront, but you save when you visit the doctor.
Platinum – High-cost monthly, but the best coverage for people with frequent medical needs.

The best insurance plan for you will depend on your health status, financial capability, and how much uncertainty you can manage.

Factors Affbctinng Health Insurance Costs In New Jersey

• Age: Older policyholders typically pay more for health insurance.
• Location: Urban areas tend to have higher premiums, while rural areas may have limited options.
• Coverage Level: The more comprehensive the plan, the higher the cost.
• Family Size: Adding dependents increases total expenses.
• Tobacco Use: Smokers are charged higher premiums due to health risks.
• Insurance Provider: Pricing varies between insurers based on their network and agreements.

Health Insurance Options In New Jersey If You Have A Low Income

Multiple financial assistance options are available to New Jerseyans who need help affording health coverage.

Medicaid – Provides healthcare at little or no cost to qualifying low-income individuals, including children and pregnant women.
CHIP – Covers kids in families with low income who do not meet Medicaid’s criteria.
ACA Assistance – Reduces the cost of health insurance for people with limited income.
FQHCs – Offer affordable medical care based on a person’s financial status.
Hospital Charity Programs – Some hospitals assist uninsured individuals with free or discounted services.
Short-Term Health Plans – Temporary coverage with limited medical benefits.

These assistance programs can help people get the healthcare they need without high costs.

Common Health Insurance Terms

Health insurance can be overwhelming, especially with all the industry lingo. Here are some terms New Jersians might see.

Premium – The monthly price you pay for your health insurance plan.
Deductible – The upfront cost you must cover before your insurance takes effect.
Copay – A set fee for services like doctor visits and prescriptions.
Coinsurance – A percentage-based split of costs between you and the insurance provider.
Out-of-Pocket Maximum – The highest amount you’ll pay in a year before full coverage.
HMO – A plan that saves money but has network restrictions.
PPO – A flexible plan with higher costs but fewer restrictions.

These definitions can help you better understand and compare different health insurance plans.