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Bill > S3414


NJ S3414

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


summary

Introduced
12/19/2022
In Committee
12/19/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 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," 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" refers to an insurer licensed to sell individual health benefits plans in any other state. The bill allows residents to purchase these out-of-state health insurance policies and employers to reimburse their employees for the costs of such coverage, which would satisfy any legal obligation for an individual to maintain health insurance coverage.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Commerce Committee (on 12/19/2022)

bill text


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