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Compass
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New Jersey Becomes Second State to Adopt Individual Mandate
Katie Keith, in Health Affairs Forefront June 4, 2018 "[T]he New Jersey Health Insurance Market Preservation Act ... and will go into effect on January 1, 2019. Revenue collected from New Jersey's individual mandate penalty will help fund a state-based reinsurance program ... Those without MEC may be subject to a penalty that is equal to the amount they would have paid if the ACA's mandate had not been repealed: $695 for adults ($347.50 per child) or 2.5 percent of a taxpayer's income, whichever is greater." |
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