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HorizonBlue-Logo-Updated-Jan15 2013

Horizon Blue Cross Blue Shield of New Jersey issues state of New Jersey refunds - Small employer groups enrolled in Horizon HMO in 2012 will receive State of NJ Refunds. The state of New Jersey requires health insurers to pay a refund to small employer group customers, if the actual amount of claims submitted in a year is less than 80 percent of the premium dollars collected. In other words, for every dollar of premium collected, we must pay out 80 cents in claims. If we pay out less than 80 cents for every dollar, Horizon Blue Cross Blue Shield of New Jersey refunds amounts necessary to bring the ratio to 80 percent.