It may not rise to the level of getting a driver’s license or being able to drink legally, but turning 26 (or even 31 if you’re in New Jersey) is a big deal, at least when it comes to employee benefits. That’s when adult dependents are forced off of their parents’ healthcare plans. As a […]
Health Benefits
Employers Expect Health Benefit Costs to Rise 3.9% in 2020
Health benefit costs will grow by nearly 4% in 2020, according to early results from the latest Mercer National Survey of Employer-Sponsored Health Plans. Based on responses from 1,511 US employers1, Mercer projects that the average total health benefits cost per employee will rise by 3.9% in 2020 (see Figure 1). “While this continues the trend […]
Group Health Benefits Now Available for Individual NJBIA Member Companies
NJBIA members now have the opportunity to participate in a group health benefits plan no matter how small their group may be. NJBIA has partnered with Association Master Trust (AMT) to offer access to comprehensive group benefits with all the advantages of network services and modern claims administration. “Year after year, when we send our member survey […]
Substance Use Disorder Regulations Adopted by Individual and Small Employer Program Boards
The Individual and Small Employer Health Coverage program boards, recently proposed and adopted new regulations to implement the legislation expanding health benefits coverage for substance use disorder. This expanded coverage was proposed by Governor Christie in his State of the State address in January. Legislation incorporating this proposal, A-3 (Prieto, Bramnick, Conaway, Rible, Lagana, McKeon, Sumter, […]