Health Insurance Fund .

Health Insurance Fund

Across New Jersey, government agencies are struggling to keep up with rising benefits costs and shrinking budgets. Many government agencies attempt to handle their costs themselves, or rely on the NJ State Plan to set their maximum benefit levels and premium amounts. When done correctly, these measures may mitigate your risks for a few years at a time, but there is a better, more efficient solution.

Introducing the PERMA Health Insurance Fund (HIF). HIF’s are a successful tactic that government agencies may utilize because as a joint fund, several public entities are able to combine their bargaining power. Especially for smaller government agencies, which have little to no leverage over their rates. But when combined with others, they are able to combine their influence on the marketplace and therefore are better leveraged to receive more in return.

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