Bill
Bill > S3896
NJ S3896
Imposes certain rate filing requirements concerning certain health benefits plans available on State-based exchange.
summary
Introduced
05/22/2023
05/22/2023
In Committee
05/22/2023
05/22/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Imposes certain rate filing requirements concerning certain health benefits plans available on State-based exchange.
AI Summary
This bill imposes certain rate filing requirements on individual and small employer health benefits plans available on the State-based exchange. It requires the Commissioner of Banking and Insurance to adopt regulations addressing factors such as risk pooling, plan design, and cost-sharing reduction variants. The bill also specifies rules for basing silver-level plan prices on the distribution of enrollees among cost-sharing reduction variants and allows carriers to offer different plan designs by rating area and provide network access beyond the geographic rating area, while also requiring carriers to offer plans at both the gold and silver levels in a geographic area. The bill seeks federal funding to cover the cost of reviewing rates and allows carriers to transfer members from silver-level to gold-level plans under certain conditions.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee (on 05/22/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S3896 |
| BillText | https://pub.njleg.gov/Bills/2022/S4000/3896_I1.HTM |
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