Horizon Blue Cross Blue Shield of NJ announced a plan to use its federal tax refund to provide $150 million to benefits its customers and invest $125 million over the next five years towards significant initiatives, effective February 2018. These initiatives will dive improvements in health care for Horizon BCBSNJ members in the areas of behavioral health access to care and addiction.
Horizon plans to do this in a number of ways, including:
- Providing $150 million to benefit customers. Horizon BCBSNJ is working with the department of Banking and Insurance to determine the most appropriate mechanism to use these funds for policyholders.
- Investing $125 million over the next five years for significant initiatives that will drive improvements in health care for horizon BCBSNJ members in the areas of behavioral health, access to care and addiction.
- Managing member on cost, quality and experience. Many policyholders are beginning to receive a refund check.
If you have any questions feel free to give us a call. We at Cosmo are here to help.
Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance.
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