clouds-4-1363596_formatted Municipal Reinsurance Health Insurance Fund | MRHIF | MRHIF

Municipal
Reinsurance
Health
Insurance
Fund

Municipal
Reinsurance
Health
Insurance
Fund

Municipal Reinsurance Health Insurance Fund

fwidth Municipal Reinsurance Health Insurance Fund | MRHIF | MRHIF

MRHIF
Reinsurance
Program

MRHIF
Reinsurance Program

Our Reinsurance Program

Provides three levels
of coverage

Provides three levels of coverage

Specific coverage
Reimburses the MRHIF member (local HIF) for claims from any one person per contract year that exceeds its self insured retention “SIR”

Aggregate coverage
Reimburses the MRHIF member (local HIF) for eligible claims for the entire group that exceed a predetermined amount, typically 120% of expected claims.

Aggregating Specific coverage
This coverage caps the MRHIF’s exposure for the portion risk it shares reinsuring its members for specific claims. The MRHIF typically budgets at or close to where the reinsurer caps the claims.

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Program Member Map

An interactive map of New Jersey showing detailed
Information and locations of MRHIF's 180+ members.

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About Us

The Municipal Reinsurance Health Insurance Fund or the MRHIF is a Joint Insurance Fund formed pursuant to NJSA 40A:10-36 et-Seq. The MRHIF was established in 1999 when its four original member regional Health Insurance Funds “HIF”s determined that additional cost savings could be achieved by pooling together to provide excess reinsurance and jointly purchasing on other health related services.

The MRHIF provides both Specific and Aggregate reinsurance coverage above its member “HIF”s Self Insured Retentions “SIR” for Medical and Prescription Drugs. The Fund has also procured TPA services, provider networks, Prescription Benefit Manager, wellness programs, enrollments systems and other related services on a joint purchase bases.

In addition to its HIF members the MRHIF will consider membership for self-insured local units that have at least 750 covered lives such as larger municipalities, Board of Educations, Counties etc.

As of 2018 the Fund includes Six regional local member HIFs, that insure over 180 Municipalities and/or School Districts in New Jersey.

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For information about joining contact the Program Manager Dave Vozza 201-307-8601

Statewide
Fund Footprint

  • NORTH JERSEY FUND (Municipal)

    Green
  • GATEWAY/BMED FUND

    Purple
  • CENTRAL Fund

    Blue
  • SOUTHERN FUND

    Orange
  • COASTAL FUND

    Yellow
NewJersey_co_lines2-31ba8844 Municipal Reinsurance Health Insurance Fund | MRHIF | MRHIF

MRHIF Reinsurance Program

Provides 3 levels of coverage

  • Specific coverage

    Reimburses the MRHIF member (local HIF) for claims from any one person per contract year that exceeds its self insured retention “SIR”
  • Aggregate coverage

    Reimburses the MRHIF member (local HIF) for eligible claims for the entire group that exceed a predetermined amount, typically 120% of expected claims.
  • Aggregating Specific Coverage

    This coverage caps the MRHIF’s exposure for the portion risk it shares reinsuring its members for specific claims . The MRHIF typically budgets at or close to where the reinsurer caps the claims .

Specific/Individual Reinsurance Coverage:

Specific/Individual Stop Loss:
  • A shock loss may be defined as an abnormally large and unexpected claim

    Could be the result of severe accident or serious illness
  • Each local HIF is protected against the financial impact shock losses can cause over their selected Self Insured Retention “SIR” .

Dave Vozza is ready to work with you and help you navigate the program.
  • ©2018 Municipal Reinsurance Health Insurance Fund