Bill > S930

This bill repeals the "New Jersey Health Insurance Market Preservation Act," which previously required most New Jersey residents to maintain minimum essential health insurance coverage, meaning health insurance that meets certain federal standards, or face a penalty. Consequently, the bill removes the funding mechanism for the New Jersey Health Insurance Premium Security Fund that was partially derived from these penalties, and it also eliminates the State shared responsibility tax that was imposed on individuals without minimum essential coverage. The bill also makes conforming changes to other related laws, including those governing the New Jersey Easy Enrollment Health Insurance Program, to reflect the removal of the individual mandate and associated penalties.