A5046

New Jersey A5046 requires health care claims experience data to be shared with local governments.

New Jersey A5046 mandates that carriers, third-party administrators, and pharmacy benefits managers provide complete health care claims experience data to local unit employers upon request. This includes loss reports, large claims data, and prescription claims experience data. The Department of Banking and Insurance is tasked with investigating and enforcing compliance with these provisions. Violation of these requirements can result in penalties of up to $5,000 per day.