Attention Horizon customers!
You may have received or will receive shortly, a check in the mail from Horizon regarding a tax credit refund check. Note, this is a legitimate check and you can use these funds however you see fit.
Why are you receiving this check?
In late 2017, the Federal Tax Reform was enacted and as a result, Horizon received a one-time tax refund in the amount of $550 million dollars from tax credits they earned over 30 years of paying federal taxes.
Consistent with Horizon’s mission to serve their members, Horizon BCBSNJ is using $275 million of its tax refund for their members. On December 17, 2018, Horizon BCBSNJ issued a one-time distribution to commercial Individual market members, small group customers, and fully insured and self-insured group customers with 51 or more employees:
- Individual market subscribers with a Single contract received a distribution of $500.
- Individual market subscribers with a Multi-member contract received a distribution of $1,200.
- Small Group (two to 50 employees) customers received a distribution calculated at $200 per active subscriber as of November 7, 2018.
- Fully insured group customers with 51 or more employees received a distribution calculated at $120 per active subscriber as of November 7, 2018.
- Self-insured group customers with 51 or more employees received a distribution calculated at $5 per active subscriber as of November 7, 2018
The refund is calculated based on enrolled group size as of 11/7/2018.
Click here to read how Horizon plans to use the full $550 million.