NJ S930

Repeals New Jersey's "Health Insurance Market Preservation Act" (P.L.2018, c.31), eliminating the state requirement that residents maintain minimum essential health insurance coverage or pay a penalty

Removes the individual mandate penalty as a funding source for the New Jersey Health Insurance Premium Security Fund, which was established to stabilize premiums in the individual insurance market

Amends the New Jersey Easy Enrollment Health Insurance Program to delete references to the repealed shared responsibility tax and penalty provisions

Maintains the Health Insurance Premium Security Fund structure but requires alternative funding through federal waiver payments and State General Fund appropriations

Sponsored by Senator Michael L. Testa, Jr. (District 1) and pre-filed for introduction in the 2026 legislative session