The bill establishes the Kidney Donor Insurance Fund, which will provide health benefits to individuals who donate a kidney as live donors. Under the provisions of the bill, these donors will be eligible for a health benefits plan through the New Jersey Individual Health Coverage Program for the duration of their lives. The plan will include comprehensive services at the gold level, including prescription drug coverage. Importantly, the State will cover all premiums associated with this health benefits plan, ensuring that neither the donor nor their employer will bear any financial responsibility for these costs.

The Kidney Donor Insurance Fund will be a non-lapsing, revolving fund managed by the Department of Banking and Insurance. It will serve as the financial source for the health benefits plan premiums for eligible live kidney donors, funded through grants or other appropriations. The bill is set to take effect immediately and will apply to all live kidney donations made on or after the enactment date.