Requires DOBI to monitor, evaluate, and submit annual report concerning mental health insurance coverage for minors; requires carriers to maintain provider directory.

This New Jersey bill requires insurance carriers to maintain an up-to-date directory of mental health providers and mandates that they approve exceptions when no qualified in-network options are available. It also compels the Department of Banking and Insurance to monitor mental health coverage for minors and submit annual reports detailing how insurers set medical necessity standards and apply non-quantitative treatment limitations. These provisions aim to increase transparency by forcing insurers to publicly explain their decision-making processes regarding mental health and substance use disorder benefits.