State RegulationsNJ specificDifficulty 1/5
The Individual Health Coverage (IHC) Program established under New Jersey's reform statutes serves which market?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
The Individual Health Coverage Program, created in the reform chapter beginning at N.J.S.A. 17B:27A-1, is New Jersey's framework for the individual health market — persons who buy health coverage for themselves rather than through an employer. The New Jersey Department of Banking and Insurance administers the program and the market rules that apply to carriers writing individual business in the state.
Why the other options are wrong
- A) Employers that fund their own benefit plans are outside the insured reform programs; the IHC Program addresses individual purchasers of coverage.
- C) Medicare supplement business is governed by the separate 17B:26A chapter, not the IHC Program.
- D) Public-sector employee programs are not the individual market; the IHC Program covers persons buying coverage on their own.
Memory hook
IHC = Individual: one person, one policy, one market.