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Horizon BCBSNJ's proposal to change how we are legally structured

Applies to: All Markets

Horizon Blue Cross Blue Shield of New Jersey is pursuing a change to a not-for-profit mutual holding company. We will remain a mission driven, not-for-profit company focused on our members’ care. This proposed form will strengthen our ability to deliver on our mission to empower our members to achieve their best health.

This is a common model for many health insurers. In fact, Blue Cross Blue Shield companies in 18 other states have already adopted a mutual structure.

Legislation was introduced in the New Jersey Assembly to authorize us to apply with the New Jersey Department of Banking and Insurance to adopt this new form. Horizon BCBSNJ’s leaders are working with state leaders to support the passage of this legislation.

This proposed change in our legal structure will not change our members’ premiums, coverage or choices of doctors and hospitals. In the long term, we believe this change will allow us to accelerate improvements in health care that will positively impact cost, quality and the health care experience for all our members.

Please visit our dedicated website, HorizonForYou.com, for more information on this change, and the latest updates.

Published on: November 26, 2019, 01:01 a.m. ET
Last updated on: April 13, 2020, 01:04 a.m. ET