This bill amends Section 6 of P.L.1961, c.49 (C.52:14-17.30) to establish a health benefits fund for State employees and their eligible dependents. The fund will be used to pay premiums and periodic charges for health benefits, with a dedicated subaccount specifically for claims and health services fees. The bill outlines the responsibilities of a third-party medical claims reviewer, who must act in the best interests of the State and maintain secure records of claims data. Additionally, it specifies that the State Treasurer will manage the fund, ensuring that contributions and investments are handled according to established regulations.

Furthermore, the bill introduces provisions for the temporary transfer of funds between health benefits funds if the available funds fall below a certain threshold. The Director of the Division of Pensions and Benefits is authorized to initiate these transfers, with a requirement to notify the commission and provide monthly accounting of any transfers. The reimbursement for these transfers must occur within a specified timeframe, ensuring that the health benefits funds remain adequately funded to cover anticipated payments. The act is set to take effect immediately upon approval.

Statutes affected:
Introduced: 52:14-17.30
Advance Law: 52:14-17.30
Pamphlet Law: 52:14-17.30