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NJ S148

"Consumer Freedom From Unwanted Expense in Health Insurance Coverage Act."


summary

Introduced
01/14/2020
In Committee
01/14/2020
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill, the "Consumer Freedom From Unwanted Expense in Health Insurance Coverage Act," provides a New Jersey resident with the right to purchase a health insurance policy legally sold in any other state in the United States. A foreign health insurer means an insurer licensed to sell individual health benefits plans in any other state. The bill provides that, notwithstanding any other law, rule, or regulation to the contrary, a resident shall have the right to purchase a health insurance policy legally sold in any other state in the United States. The bill further specifies that an employer shall have the right to reimburse its employees for the costs of health insurance coverage purchased pursuant to the bill. The bill also stipulates that the purchase of health insurance coverage pursuant to the bill shall satisfy any legal obligation for an individual to maintain health insurance coverage imposed by any entity having the right to require that coverage be maintained.

AI Summary

This bill, the "Consumer Freedom From Unwanted Expense in Health Insurance Coverage Act," allows New Jersey residents to purchase health insurance policies legally sold in any other state, including from "foreign health insurers" (insurers licensed in other states). The bill grants employers the right to reimburse their employees for the cost of health insurance coverage purchased under this law, and specifies that such coverage satisfies any legal obligation to maintain health insurance coverage.

Committee Categories

Business and Industry

Sponsors (17)

Last Action

Introduced in the Senate, Referred to Senate Commerce Committee (on 01/14/2020)

bill text


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