New Jersey A5521 mandates annual mid-year and rate setting analyses for SHBP and SEHBP.
New Jersey A5521 requires any contract with a vendor for actuarial or rate development services for the State Health Benefits Program (SHBP) and the School Employees’ Health Benefits Program (SEHBP) to include annual mid-year experience analyses and rate setting analyses. Vendors must submit the mid-year experience analysis by December 1 for the plan year ending December 31 and the rate setting analysis by June 1 for the plan year beginning January 1.
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