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Bill > A2875

NJ A2875

NJ A2875
Concerns annual reporting requirements of SHBP and SEHBP commissions.

summary

Introduced
01/09/2024
In Committee
01/09/2024
Crossed Over
Passed
Dead
01/12/2026

Introduced Session

2024-2025 Regular Session

Bill Summary

This bill concerns the annual reporting requirements of the State Health Benefits Plan Commission and the School Employees' Health Benefits Plan Commission. This bill establishes an annual reporting requirement for the State Health Benefits Plan Commission and the School Employees' Health Benefits Plan Commission. It requires each commission to annually publish a rate setting recommendation analysis report that is prepared by an actuarial firm. The report will include an executive summary, the plan overview for the upcoming year, a trend analysis, financial projections, rate setting developments, and any exhibits to further support the findings of the report. The commission will submit the report to the Governor and the Legislature, and the Division of Pensions and Benefits will post the report on its website for the public. The commission will accept comments from the public for a period of time after the report is released. The commission will then hold at least one public hearing after the release of the report to allow for input on the rate setting recommendation analysis.

AI Summary

This bill establishes annual reporting requirements for the State Health Benefits Plan (SHBP) Commission and the School Employees' Health Benefits Plan (SEHBP) Commission. The bill requires each commission to publish a rate setting recommendation analysis report prepared by an actuarial firm, including an executive summary, plan overview, trend analysis, financial projections, rate setting developments, and supporting exhibits. The commissions must submit the report to the Governor and Legislature, and post it on the Division of Pensions and Benefits website. The commissions must also provide a public comment period and hold at least one public hearing to allow input on the rate setting recommendation analysis.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Introduced, Referred to Assembly State and Local Government Committee (on 01/09/2024)
(3 Companion Bills)

bill text

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bill summary

Document Type Source Location
State Bill Page https://www.njleg.state.nj.us/bill-search/2024/A2875
BillText https://pub.njleg.gov/Bills/2024/A3000/2875_I1.HTM
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