The NJ Small Employer Health Benefits Program Board, housed within the New Jersey Department of Banking and Insurance, held a meeting on Wed., Nov. 14. Chrissy Buteas, Chief Government Affairs Officer, NJBIA, was appointed to the board to represent small employers.
Additionally, the board received an annual update on the loss ratio and refund reports for 2017. The SEH market in 2017 had premiums of $2,583.7 million and claims of $2,099.8 million for a loss ratio of 81.3%. The enrollment for the fourth quarter was 370,330 lives. Four carriers owe New Jersey refunds for 2017.