SENATE COMMERCE COMMITTEE
STATEMENT TO
SENATE, No. 1512
STATE OF NEW JERSEY
DATED: OCTOBER 28, 1996
The Senate Commerce Committee reports favorably Senate Bill No. 1512.
This bill permits health insurance carriers, including health maintenance organizations, to offer discounts to small employers who agree to pay the premiums for their health benefits plans by means of an automatic electronic transfer of funds, provided that carriers apply such discounts uniformly to all small employers choosing that method of payment.
Under current law, no differences in premiums charged to small employers are permitted, other than those based on the age of the employees in the group, their gender, and the location of the business in the State.