S 2890
Requires 90 days' notice of cancellation or nonrenewal of stop loss insurance for small employer health benefits plans.
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Sign in to take action- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill requires health insurance companies in New Jersey to give small employers at least 90 days’ written notice before canceling or not renewing their stop loss insurance policies. Stop loss insurance helps employers manage unexpected healthcare costs. The law aims to provide employers with more time to find alternative coverage if their insurance provider ends their policy.
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