Bill
Bill > A5626
NJ A5626
Imposes certain rate filing requirements concerning certain health benefits plans available on State-based exchange.
summary
Introduced
06/20/2023
06/20/2023
In Committee
12/11/2023
12/11/2023
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 concerning individual health benefits plans and small employer health benefits plans available on the State-based exchange. It requires the Commissioner of Banking and Insurance to adopt rules and regulations to address factors such as risk pooling, plan benefits and design, and pricing considerations for qualified health plans. The bill also specifies how carriers must base the pricing of silver-level plans and allows for certain plan design and network flexibility, while also requiring carriers to offer gold and silver plans together in a geographic area. The bill aims to ensure the rate review process complies with applicable state and federal laws, and seeks federal funding to cover the cost of the review.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Reported out of Assembly Committee, 2nd Reading (on 12/11/2023)
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/A5626 |
| Analysis - Statement AFI 12/11/23 | https://pub.njleg.gov/Bills/2022/A6000/5626_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A9999/5626_I1.HTM |
| BillText | https://pub.njleg.gov/Bills/2022/A6000/5626_I1.HTM |
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