Fund Overview

Brandon Lodics, Executive Director

Public Entity Risk Management Administration (PERMA)


The Vozza Agency Inc.


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 on 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. 


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. 

Benefits of a Health Insurance Fund (HIF)....

In a HIF, members have the ability to "control their own destiny":

Each member entity appoints a Commissioner

Services are "unbundled" and contracted for:

  • most effective Third Party Administrator (TPA)
  • the best network in the region
  • the flexibility of plan designs
  • support provided by Fund professionals 

Fund membership allows variations in coverages as needed:

Introduction of more cost-effective plan designs

  • the Fund's various Choice Plus Plans
  • customized Aetna US Healthcare QPOS Plan

Operating costs are reduced as a result of:

  • The group purchasing power of the Fund
  • Elimination of insurance company profit margins
  • Elimination of premium taxes
  • Reduction in overhead expenses

Cash flow is improved by:

  • Paying only fixed plan expenses and only those claims that actually occur
  • Earning interest on deposits until utilized
  • Capping overall risk exposure at a manageable level

As a participating employer in the Fund, you can:

  • Contain your health benefits cost
  • Save money by reducing the expenses included in the premiums that would otherwise go to an insurance company.
  • Improve your cash flow by paying only fixed plan expenses and only those claims that actually occur.
  • Earn interest on deposits until utilized
  • Save additional money when claims are lower than projected in a plan year
  • Cap your overall risk exposure at a manageable level
  • Provide long-term stability in your health benefits program costs