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New Jersey

New Jersey Small Business Health Insurance

There are different New Jersey health insurance laws regarding small businesses or the self-employed. Often these types of health insurance policies are easier to qualify for than an individual health insurance policy, even if you are not in the best of health.

This guide:

  • Describes small business health insurance laws in New Jersey.

  • Briefly explains self-employed New Jersey health insurance.

  • Alerts you to a beneficial tax deduction.

We also have a guide to New Jersey health insurance for families and individuals.

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New Jersey small business health insurance regulations

According New Jersey health insurance laws, small group health insurance must be sold to any small business. In addition, a small business with 2 to 50 employees must be offered the same New Jersey small business health insurance policy the insurance company sells to other small businesses.

There is one requirement New Jersey health insurance companies can impose. Health insurance companies may have minimum enrollment requirements for New Jersey small business health insurance. If the insurance company implements this rule, a certain percentage of employees or members must purchase health insurance or the policy will be rescinded.

Some New Jersey health insurance companies may also require a business owner to contribute to each employee's premiums before selling a New Jersey small business health insurance policy to the entire group.

Besides regulating who is eligible for New Jersey small business health insurance, New Jersey health insurance laws make it illegal for any health insurance company to charge higher premiums due to the insured group's health status. However, premiums can vary due to the group's age and gender among other factors.

Finally, New Jersey health insurance companies cannot cancel any New Jersey small business health insurance policy because an employee becomes ill.

Self- employed New Jersey health insurance

The approach different states take to the issue of how to treat health insurance for the self-employed varies. In New Jersey, the self employed are prohibited from purchasing a small group health insurance policy for yourself if they employ no one else. A self-employed person with any number of employees is permitted to buy California small business health insurance.

Being a self-employed individual buying New Jersey health insurance can be quite costly. However, there is relief from this cost through an itemized tax deduction. A percentage of your annual New Jersey health insurance premiums can be deducted from taxes if you are self-employed and buying your own health insurance.

Your insurance rights

A guaranteed renewability provision is included in every policy issued in . This provision states that , as long as premiums have been met, an insurance company cannot deny you continued coverage.

Interim health insurance

More NJ small business health insurance help

If you want more help getting the a good health insurance policy, read our guide to small business health insurance.

To find out more about NJ group health insurance laws and regulations, visit the official website of the New Jersey Department of Banking and Insurance.

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This internet site provides information of a general nature for educational purposes only and is not intended to be legal advice. We make no guarantees as to the validity of the information presented. Your particular facts and circumstances, and changes in the law, must be considered when applying insurance law. You should always consult with a competent insurance professional licensed in your state with respect to your particular situation.