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Bill > S3829
NJ S3829
NJ S3829Repeals requirement that individuals maintain minimum essential health insurance coverage.
summary
Introduced
10/24/2024
10/24/2024
In Committee
10/24/2024
10/24/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill repeals the "New Jersey Health Insurance Market Preservation Act" which requires most individuals, other than those who qualify for certain exemptions, to obtain health insurance or pay a penalty. Existing law requires every resident taxpayer of the State to obtain health insurance coverage that qualifies as "minimum essential coverage." This bill repeals that requirement. In addition, the bill removes a provision of existing law funding the New Jersey Health Insurance Premium Security Fund, in part, from the penalties collected from those who do not meet the State's minimum essential coverage requirement.
AI Summary
This bill repeals the "New Jersey Health Insurance Market Preservation Act," which requires most individuals to obtain health insurance or pay a penalty. The bill removes the requirement for residents to obtain "minimum essential coverage" health insurance and the funding mechanism for the New Jersey Health Insurance Premium Security Fund, which was partially funded by the penalties collected from those who did not meet the state's minimum essential coverage requirement.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee (on 10/24/2024)
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/2024/S3829 |
| BillText | https://pub.njleg.gov/Bills/2024/S4000/3829_I1.HTM |
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