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Posted on: September 9, 2019

2020 Rate Drop Recommended for SHBP

At yesterday’s State Health Benefits Commission Rate Renewal meeting AON, the Commission’s consultant, recommended premium rates for plan year 2020. The recommendations include a 4.3% decrease for Active Employees, no increase or decrease for Early Retirees or Medicare Retirees. In the aggregate, the recommended rate represents an overall rate decrease of 3.8% for the Local Government Group State Health Benefits program. If you participate in the State Health Benefits Program, we suggest you review the Plan Year 2020 Rate Setting Recommendation Report – Local Government Employer Group. We are currently reviewing the report and will be providing additional updates.

Contact: Lori Buckelew, Senior Legislative Analyst, lbuckelew@njlm.org, 609-695-3481 x112.


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