This bill mandates that health insurance carriers in New Jersey, including various types of insurance companies and health service organizations, must provide coverage for the costs associated with home childbirth. The coverage is required to be offered to the same extent as other health care services under the respective health benefits plans. The definition of "carrier" is specified to include entities authorized to issue health benefits plans in the state, as well as those administering health benefits for state programs.

The legislation is designed to take effect immediately and will apply to all health benefits plans that are currently in effect or that are delivered, issued, executed, or renewed in New Jersey after the bill's effective date. This ensures that the requirement for home childbirth coverage is applicable to both existing and future health plans within the state.