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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 purchasing basis.
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 2026 the Fund includes Seven regional local member HIFs, that insure over 340 Municipalities and/or School Districts in New Jersey.
MRHIF Reinsurance Program
AVAILABLE 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- AVAILABLE
SPECIFIC/INDIVIDUAL REINSURANCE COVERAGE:
Specific/Individual Stop Loss:
A SHOCK LOSS MAY BE DEFINED AS AN ABNORMALLY LARGE AND UNEXPECTED CLAIM
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.