As the federal tax overhaul eliminates the healthcare tax, New Jersey has enacted its own tax. Penalties collected from non-compliant residents who cannot prove an exception will be deposited into a fund created by companion legislation.
Start strategizing with John Sarno, president of the Employers Association of New Jersey, and members of the Morris County Economic Development (MCEDC), on Wednesday, June 19, 2019, at 10:30 am.
MCEDC will host this free webinar by Zoom.
In essence, New Jersey now has its own version of the Affordable Care Act. It was pushed by both health advocates and business groups, including Better Choices Better Care NJ, (BCBCNJ), whose members include the state Chamber of Commerce, the state Business & Industry Association and Horizon Blue Cross Blue Shield, the state’s largest insurance company.
As a corporation, BCBCNJ is pretty discrete; it’s hard to find on the internet. Here’s what the organization says:
Better Choices, Better Care NJ is a 501(c)4 public education project advocating for innovative ways to lower health care costs and provide better care.
Details of the law are sketchy. Fortunately, attorney John Sarno is an expert in what’s nailed down, and what’s still being discussed.
We know that New Jersey now requires residents to have health insurance. What we don’t know is how the reporting will work, when enforcement will start, and exactly how tax penalties for freeloaders will work.
Note: There is a provision for those who do not have means to pay for a private plan.
MorristownGreen.com contributor Beth Kujan (d.b.a. Tech Stevedore LLC) is responsible for committees and programs at the Morris County Economic Development Corporation (EDC), part of the Morris County Chamber of Commerce.