News Flash Home
The original item was published from 10/27/2023 12:31:44 PM to 11/16/2023 12:00:03 AM.

News Flash

Pension & Health Benefits

Posted on: October 27, 2023

[ARCHIVED] SHBP PY24 Open Enrollment Closes on October 31

The State Health Benefits Program (SHBP) Open Enrollment period for Local Government employees that began on October 1, 2023, will close next week on Tuesday, October 31, 2023. 

Open Enrollment allows employees to make general changes (adding or deleting dependents, changing coverage levels, etc.) or enroll in a different medical or dental plan. All changes to coverage made during this Open Enrollment period will be effective on January 1, 2024.

Please review the Division of Pension & Benefits memorandum of Plan Overviews; Summaries of Benefits and Coverage; and changes for Plan Year 24. 

Changes to the minimum deductible amounts set forth by Internal Revenue Service (IRS) regulations necessitate modifications to the SHBP High Deductible plan offerings for Plan Year 2024. To meet the IRS minimum deductible amounts required to contribute to a Health Savings Account (HSA), the HD1500 plan will be replaced by a new NJ DIRECT HDLow plan, and the HD4000 plan will be replaced by a new NJ DIRECT HDHigh plan.

The 2024 SHBP Virtual Benefits Fair is available through open enrollment and all open enrollments must be submitted through mynjbenefitshub.nj.gov.    

Contact: Paul Penna, Senior Legislative Analyst, ppenna@njlm.org, 609-695-3481, x110

Facebook Twitter Email