Requires health insurance carriers to provide coverage for hospitalizations resulting from coronavirus disease 2019 without imposing cost-sharing requirements.

This New Jersey bill (A3962) requires all health insurance carriers in the state to cover hospitalization costs for people hospitalized due to COVID-19 without imposing any deductibles, copays, or other cost-sharing fees. It directly affects patients receiving hospital care for COVID-19 and all health insurers operating in New Jersey, including major health plans and government programs like the State Health Benefits Program. The law takes effect immediately for all new or renewed health plans. It mandates that insurers cover these specific hospitalization expenses as part of existing coverage, removing financial barriers for affected individuals during the pandemic.