Protecting Members’ Reserves

Since his State Budget address on February 28, 2017, Governor Christie has been publicly pressuring Horizon BCBSNJ to contribute money from its reserves to help fund state programs. If we do not agree to make that contribution, we expect the State will become more aggressive in trying to take the reserves.

This proposal is especially troubling as it comes at a time when the health insurance industry is operating in the midst of one of the most volatile times for health care in American history. Given the current national political environment and the decision of other health insurers to stop selling policies in New Jersey, it is dangerous to propose a measure that will weaken the safety net that protects our more than 3.8 million members.

Characterizing our members’ reserves as “excess surplus monies” is inaccurate; this money protects our members against risk, and ensures we can pay claims when the unforeseen happens. Horizon BCBSNJ is required by state law and Blue Cross and Blue Shield Association rules to maintain reserves. Additionally, our level of reserves has helped us maintain an “A” credit rating from Standard & Poor’s.

Our reserves are not a surplus. Horizon BCBSNJ will continue to fight any such actions that weaken the security and peace of mind we provide to our members and customers.

Understanding Reserves Brochure

Learn more by reading this brochure, which offers an in-depth look at reserves and how your health dollars are spent.

Questions and Answers about Protecting our Members’ Reserves

Learn more by reading answers to questions about how Horizon BCBSNJ is fighting to protect members.

Advocate Statements about Protecting our Members’ Reserves

Learn more by reading statements of support in reaction to Governor Christie’s proposed actions.

Our reserves are not a surplus. Horizon BCBSNJ will continue to fight any action that weakens the security and peace of mind we provide to our members and customers.