New Jersey A503 allows residents to buy health insurance from insurers in other states and lets employers reimburse employees for such purchases.

New Jersey A503, the "Consumer Freedom From Unwanted Expense in Health Insurance Coverage Act," permits New Jersey residents to purchase health insurance policies from insurers licensed in other states. Employers can also reimburse employees for such coverage. This act ensures that buying health insurance from another state satisfies any legal requirement for maintaining health insurance coverage. The act takes effect 90 days after enactment.

New Jersey A503 allows residents to buy health insurance from insurers in other states and lets employers reimburse employees for such purchases.

New Jersey A503, the "Consumer Freedom From Unwanted Expense in Health Insurance Coverage Act," permits New Jersey residents to purchase health insurance policies from insurers licensed in other states. Employers can also reimburse employees for such coverage. This act ensures that buying health insurance from another state satisfies any legal requirement for maintaining health insurance coverage. The act takes effect 90 days after enactment.