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BioNJ to offer members Affiliated Physicians health plan.

Byline: Anthony Vecchione

BioNJ and the Affiliated Physicians and Employers Master Trust reached a definitive agreement to allow BioNJ to become a sponsor in the APEMT Health Plan to benefit its member companies.BioNJ and the Affiliated Physicians and Employers Master Trust reached a definitive agreement to allow BioNJ to become a sponsor in the APEMT Health Plan to benefit its member companies.

In a statement, BioNJ said the new partnership will enable BioNJ to provide high-quality, affordable group health benefits to its member companies and their employees.

As a result of the partnership, BioNJ will become the fourth New Jersey association joining the APEMT as a partner. The APEMT currently services more than 4,300 member companies covering more than 44,000 participants.

The BioNJ sponsorship in the APEMT is subject to state regulatory approval and is expected to be operational as of Jan. 1.

MEWA is a vehicle that allows small and midsized employers who have joined together as one large group to offer a self-insured health plan to the collective group, often referred to as "Association Health Plans." It has been operational in New Jersey since 2002.View the full article from NJBIZ at http://www.njbiz.com/article/20181008/NJBIZ01/181009857/bionj-to-offer-members-affiliated-physicians-health-plan. Copyright 2018 BridgeTower Media. All Rights Reserved.

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Article Details
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Author:Vecchione, Anthony
Publication:NJ Biz
Article Type:Brief article
Geographic Code:1U2NJ
Date:Oct 8, 2018
Words:221
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