The State of New Jersey
NJ Department of Banking and Insurance
 
Search

Home > Insurance Division > Individual Health Coverage Program > Small Employer Health Insurance Program
2022 IHC/SEH Average Rate Changes

Rate filings are submitted to the department by carriers. By law, rate filings in the individual and small employer markets are informational and not subject to prior approval; however, the Department may disapprove any informational filing if the Department finds that the filing is incomplete and not in compliance with relevant laws or that the rates are inadequate or unfairly discriminatory.

Below is the average total rate action by carrier in the individual market, which includes both on-exchange and off-exchange offerings:

Individual Market 2022 Rate Change

Carrier  Avg. Rate Change 
AmeriHealth*  6.0% 
Horizon*  9.5% 
Oscar*  -4.0% 
Oxford  8.4% 
WellCare* **  n/a 
Total Individual Market  7.9% 

*Indicates that the company will offer products on the State based-Marketplace, Get Covered New Jersey for plan year 2022. Only plans offered on Get Covered New Jersey will have access to state subsidies and federal tax credits.  
**As a new carrier in the market, a rate comparison to 2021 is not applicable. 
 
Below is the average total rate action by carrier in the small employer health market:

Small Employer Market 2022 Rate Change

Carrier  Avg. Rate Change 
AmeriHealth  9.8% 
Horizon  11.3% 
Oscar  11.0% 
Oxford  7.8% 
Total Small Employer Market  10.4% 


 
OPRA
OPRA is a state law that was enacted to give the public greater access to government records maintained by public agencies in New Jersey.
line
Adobe Acrobat
You will need to download the latest version of Adobe Acrobat Reader in order to correctly view and print PDF (Portable Document Format) files from this web site.
state seal
Copyright © State of New Jersey, 1996 -
State of New Jersey
New Jersey Department of Banking and Insurance