Requires health insurance carriers to offer clear cost share plans for individual health benefits plans.

This bill requires New Jersey health insurance carriers to offer "clear cost share plans" for individual health insurance plans. These standardized plans would feature transparent, consistent copayments, coinsurance, and deductibles for covered services across bronze, silver, and gold metal tiers (as defined by federal law). The commissioner of Banking and Insurance must develop these plans, focusing on reducing out-of-pocket barriers and making plan comparisons clearer for consumers. It applies to individual health plans issued on or after January 1, 2023, and allows carriers to offer up to three modified plans with commissioner approval.