N.J. Rev. Stat. § 17B:27A-55. High deductible health plans; required declaration of understanding: Individual Health Insurance Reform – New Jersey

Status: Enacted
Year Enacted: 2005
File: Download

States that an organization authorized to issue health benefits shall not issue or renew a high deductible health plan for which qualified medical expenses are paid through a health savings account unless the application for the contract or policy is accompanied by a written notice, approved by the Commissioner of Banking and INsurance, identifying and containing one page, double sided, declaration of understanding for which expenses are to be paid using the health savings account. Plans in violation are liable for penalties.

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