New Jersey Becomes Second State to Adopt Individual Health Insurance Mandate

On May 30, New Jersey became the second state in the nation, after Massachusetts in 2006, to adopt a state-level individual health insurance mandate, according to Politico. The new legislation, the New Jersey Health Insurance Market Preservation Act, will go into effect on Jan. 1, 2019. Revenue collected from New Jersey’s individual mandate penalty will help fund a state-based reinsurance program established under separate legislation also signed into law on May 30.