Understand the laws specific to New Jersey before buying health insurance.
Health insurance laws in New Jersey differ from laws in many other states. New Jersey offers laws that help to protect you and your family by providing a choice between state standardized policies and privatized ones. Before buying health insurance in New Jersey, know the laws specific to your state.
Guaranteed Renewability
New Jersey laws mandate that residents be allowed to renew their health insurance policies as long as the premiums have been paid on time. Under this provision, New Jersey health insurance companies cannot refuse coverage for any reason.
Pre-existing Conditions
New Jersey's list of exclusions for pre-existing conditions is shorter than in most states. For New Jersey, health insurance companies can exclude pre-existing conditions for 12 months. This means that if you have a pre-existing condition when you are accepted for insurance, you may need to wait 12 months before the insurance company will treat you for that condition. A pre-existing condition is one that was diagnosed prior to applying for health insurance. However, if there is no lapse in coverage, pre-existing conditions will be covered without having to wait for the exclusion period to end.
Standardized Health Insurance
Unlike most states, New Jersey offers government standardized health insurance policies. These policies are offered alongside private health insurance and provide consumers a choice in health insurance that private insurers may not be willing to offer. If you want standardized policies, you have the option of choosing one of six policies and can make the decision based on what is best for you and your family.
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