Requires health insurance carriers to offer clear cost share plans for individual health benefits plans.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill requires health insurance carriers in New Jersey to offer ‘clear cost share plans’ for individual health benefits plans. These plans would standardize benefits and cost-sharing, making it easier for consumers to understand their potential out-of-pocket expenses. The Department of Banking and Insurance will develop these plans, considering factors like affordability and quality, and will regularly evaluate and update them. The bill also aims to improve transparency on the state health insurance exchange.
Bill text
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Document of record
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