Bill
Bill > S250
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 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 requires the State Health Benefits Plan Commission (SHBP) and the School Employees' Health Benefits Plan Commission (SEHBP) to annually publish a "rate setting recommendation analysis report," which is a detailed report prepared by an actuarial firm that analyzes upcoming health plan costs and projections. This report will include an executive summary, an overview of the plan for the next year, an analysis of trends, financial forecasts, and information on how rates are determined, along with supporting documents. The commissions must submit this report to the Governor and the Legislature, and the Division of Pensions and Benefits will make it publicly available on its website. Furthermore, the commissions will allow a period for public comments after the report's release and will hold at least one public hearing to gather input on the rate-setting recommendations, ensuring greater transparency and public participation in the decision-making process for these important health plans.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 01/13/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/S250 |
| BillText | https://pub.njleg.gov/Bills/2026/S0500/250_I1.HTM |
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