Bill Text: NJ A5521 | 2026-2027 | Regular Session | Introduced
Bill Title: Requires contracted actuary for SHBP and SEHBP to present annual rate projections and analyses by certain dates.
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced) 2026-09-17 - Introduced, Referred to Assembly State and Local Government Committee [A5521 Detail]
Download: New_Jersey-2026-A5521-Introduced.html
Sponsored by:
Assemblyman AL BARLAS
District 40 (Bergen, Essex and Passaic)
SYNOPSIS
Requires contracted actuary for SHBP and SEHBP to present annual rate projections and analyses by certain dates.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning certain health benefits consulting services for the State Health Benefits Program and the School Employees' Health Benefits Program and supplementing P.L.1961, c.49 (C.52:14-17.25 et seq.) and P.L.2007, c.103 (C.52:14-17.46.1 et seq.).
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Notwithstanding any law, rule, or regulation to the contrary, on or after the effective date of P.L. , c. (C. ) (pending before the Legislature as this bill), a contract entered into or renewed by the State Health Benefits Commission with a vendor for actuarial or rate development services shall require the vendor to annually prepare and present a mid-year experience analysis for the plan year ending December 31 of any calendar year by December 1 of that calendar year and a rate setting analysis for the plan year beginning January 1 of any calendar year by June 1 of the preceding calendar year.
2. Notwithstanding any law, rule, or regulation to the contrary, on or after the effective date of P.L. , c. (C. ) (pending before the Legislature as this bill), a contract entered into or renewed by the School Employees' Health Benefits Commission with a vendor for actuarial or rate development services shall require the vendor to annually prepare and present a mid-year experience analysis for the plan year ending December 31 of any calendar year by December 1 of that calendar year and a rate setting analysis for the plan year beginning January 1 of any calendar year by June 1 of the preceding calendar year.
3. This act shall take effect immediately.
STATEMENT
This bill concerns health benefits consulting services provided to the State Health Benefits Program (SHBP) and the School Employees' Health Benefits Program (SEHBP).
Under the bill, any contract entered into by either program with a vendor for actuarial or rate development services on or after the bill's effective date will require the vendor to annually prepare and present a mid-year experience analysis for the plan year ending December 31 of any calendar year by December 1 of that same year and a rate setting analysis for the plan year beginning January 1 of any calendar year by June 1 of the preceding calendar year.
These requirements will enable lawmakers, executive branch employees, public employees, and other interested parties to have access to SHBP and SEHBP expenditure and rate setting information during budget preparation and prior to budget adoption.
