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

This bill requires all health insurance carriers in New Jersey (including major health plans and state programs) to cover hospitalization costs for coronavirus (COVID-19) without any cost-sharing. It directly affects individuals hospitalized due to COVID-19 by eliminating deductibles, copayments, and coinsurance for these expenses. The key provision mandates that insurers cover all related hospitalization costs for eligible patients as defined in the bill. This applies immediately to all health plans issued or purchased on or after the effective date. The policy change removes financial barriers for COVID-19 hospital care.