N.J. Admin. Code § 11:4-23A.3

Current through Register Vol. 57, No. 1, January 6, 2025

Section 11:4-23A.3 - Creation of Medicare Supplement-Under 50 Coverage Plan

(a) There is created in the State of New Jersey a plan to provide Medicare Supplement Plan C coverage of the standardized Medicare supplement plans to New Jersey residents under 50 years of age who are enrolled in Medicare due to disability or due to end stage renal disease to be known as the Medicare Supplement--Under 50 Plan ("Under 50 Plan").

(b) The Under 50 Plan shall be administered by a governing board appointed pursuant to this subchapter and a plan of operation adopted by the governing board and approved by the Commissioner.

(c) Any administrative office of the governing board of the Under 50 Plan shall be located within the State of New Jersey and all meetings of the governing board shall take place in New Jersey. The contracting carrier shall at all times maintain an office and records relating to the Under 50 Plan in the State of New Jersey.

(d) Coverage by the Under 50 Plan shall be provided through a contracting carrier appointed pursuant to this subchapter and the approved plan of operation.

(e) Annually, no later than 120 days after December 31st, the governing board of the Under 50 Plan shall submit to the Commissioner a financial report in a form approved by the Commissioner and an operational report of its activities during the preceding calendar year.

N.J. Admin. Code § 11:4-23A.3

Amended by R.1997 d.61, effective 2/3/1997.
See: 28 New Jersey Register 4705(b), 29 New Jersey Register 446(a).
In (a), deleted ", until they reach the age of 65," following "residents under 50 years of age".