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Home > Division of Insurance > New Jersey Proposal for ACA Section 1332 State Innovation Waiver
New Jersey Proposal for ACA Section 1332 State Innovation Waiver
Background/Introduction

Senate Bill No. 1878, the “New Jersey Health Insurance Premium Security Act,” was signed into law on May 30, 2018 and is codified at N.J.S.A.17B:27A-10.1 et seq . This law contemplates the creation of a reinsurance plan to reimburse carriers for certain high-cost claims in the individual health insurance market. The reinsurance plan would use a mix of federal and state funds to produce individual health insurance premiums that are 10% to 20% lower than they would be without the plan.

Senate Bill No. 1878, which also authorizes the Commissioner of the Department of Banking and Insurance to apply for a 1332 Innovation Waiver to implement the bill, may be found here: www.njleg.state.nj.us/2018/Bills/AL18/24_.PDF

 
New Jersey Proposal for Section 1332 State Innovation Waiver

New Jersey’s Section 1332 Draft Waiver Application, which will be updated during the public comment period, can be found here: Draft Waiver Application.

When final, the full application will be available from the Department of Banking and Insurance by email request to:

1332WaiverApplication@dobi.nj.gov
 
Public Comments

The Department of Banking and Insurance will be accepting public comments on New Jersey’s 1332 Innovation Waiver beginning on May 31, 2018, through Sunday, July 1, 2018.  Comments may be sent via electronic mail to: 1332WaiverApplication@dobi.nj.gov or by regular mail to:

State of New Jersey 1332 Innovation Waiver
Department of Banking and Insurance
PO Box 325, Trenton NJ 08625-0325

 
Public Hearings

In compliance with Federal regulations, the Department of Banking and Insurance will hold two public hearings on New Jersey’s 1332 Innovation Waiver. 

  • The first public hearing was held June 12, 2018 at 11:00 AM at the following location:
  Department of Banking and Insurance
Mary Roebling Building, 2nd floor, Room 220
20 West State Street
Trenton NJ 08625
  • The second public hearing will be held June 28, 2018 at 10:00 AM at the following location:
  Rutgers Center for State Health Policy
IFH Building, 1st Floor Conference Room 120
112 Paterson Street
New Brunswick NJ 08901

For directions to the Rutgers Center for State Health Policy and information on parking and public transportation, please visit the following website: www.cshp.rutgers.edu/about-cshp/contact

 
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