- 352,000 New Jersey residents relied on enhanced premium tax credits in 2024†.
- A New Jersey couple in their early 60s earning about $82,800 per year would see their annual health insurance premium increase by an average of $13,777†. To keep their coverage, they could have no choice but to incur debt or forego medical care in order to reduce expenses.
- If enhanced premium tax credits expire, New Jersey is projected to lose 4,059 jobs. By 2026, the state’s GDP will decline by $561.2 million, with total economic output dropping by $879.1 million. These losses would lead to a $45.5 million reduction in state and local tax revenues.†
