Public Entity Risk Management Administration (PERMA)
MRHIF and the North Jersey Municipal Employee Benefits Fund
The North Jersey Municipal Employee Benefits Fund (NJMEBF) was formed under NJSA 40A:10-36 et seq, which allows two or more units of government to form a joint insurance fund. Joint insurance funds were created for the purpose of group purchase/self-insurance against claims for various property and casualty coverages. Amendments were made to the statute and enacted November 30, 1990 to expand the risk to include contributory and non-contributory group health insurance. The rules governing the operation of a joint insurance fund for local governmental units, providing group health and term life benefits, were effective July 19, 1993 under the NJAC 11:15-3 et seq. https://www.state.nj.us/dobi/proposed/prn06_397.pdf
Health Insurance Funds do not include costs that you would typically pay an insurance company. We help you retain the dollars you would otherwise pay for routine benefits,we eliminate profit margins and overhead expenses and applicable taxes that group insurance premiums include. These savings help defray the expenses for routine claims and to pay the administrative costs for your program. Health Insurance is a costly budget item, let us help save your Municipality valuable dollars.