Overview
STATE BUDGET
New Jersey operates on an annual budget cycle. The governor submits a proposed budget in February and the legislature adopts a budget in June. The fiscal year begins July 1.
STATE LEGISLATURE
The state Legislature consists of a Senate with 40 members serving four-year terms, except in the first term of a new decade (which only lasts two years), and 80 members of the General Assembly serving two-year terms. The two-year legislative term begins at noon on the second Tuesday in January of each even-numbered year. New Jersey is one of only two states that carry over legislation from even years to odd years (Virginia is the other).
KEY RESOURCES
- New Jersey Legislature
- New Jersey Office of the Attorney General
- New Jersey Governor
- New Jersey Department of Banking & Insurance
- NJ Hospital Price Compare
- New Jersey Prescription Drug Retail Price Registry
- New Jersey Office of Management and Budget
2025 LEGISLATIVE SUMMARY
New Jersey introduced several bills. A382 would require providers to disclose network status to patients, and get written consent if out of network. S4386, A5708, and S4385 would prohibit and void noncompete agreements and no poach agreements with exceptions for senior executives. A1819 and S4068 would void noncompete agreements for physicians and nurses with limited exceptions.
New Jersey Laws
N.J. Rev. Stat. § 17:48-1. Definitions: Hospital Service Corporations – New Jersey
Introduced: Status: Enacted
Defines terms used in the hospital service corporations chapter.
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N.J. Rev. Stat. § 17:48-6.3. Group contract form: Hospital Service Corporations – New Jersey
Introduced: Status: Enacted
Every group contract entered into by a hospital service corporation with any policyholder shall be in writing and a contract form stating the terms and conditions thereof shall be furnished to the policyholder to be […]
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N.J. Rev. Stat. § 17:48-6.5. Schedule of rates: Hospital Service Corporations – New Jersey
Introduced: Status: Enacted
Prohibits hospital service corporation from issuing group contracts which are not experience rated pursuant to section 5 of this act, until it files with the commissioner a full schedule of the rates which are to […]
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N.J. Rev. Stat. § 17:48-6.9. Adjustment of rates; experience rating formulas; approval: Hospital Service Corporations – New Jersey
Introduced: Status: Enacted
Relates to rate setting, and when the commissioner may disapprove of rate formulas.
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N.J. Rev. Stat. § 17:48-6cc. Hospital service corporation contracts, preventive care benefits in high deductible health plans using health savings accounts: Hospital Service Corporations – New Jersey
Introduced: Status: Enacted
No hospital service corporation contract providing hospital or medical expense benefits for groups with greater than 50 persons, that qualifies as a high deductible health plan for which qualified medical expenses are paid using a […]
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