Horizon Blue Cross Blue Shield of New Jersey is an independent licensee of the Blue Cross Blue Shield Association. The Blue Cross® and Blue Shield® names and symbols are registered marks of the Blue Cross Blue Shield Association. The Horizon® name and symbols are registered marks of Horizon Blue Cross Blue Shield of New Jersey. © 2024 Horizon Blue Cross Blue Shield of New Jersey. Three Penn Plaza East, Newark, New Jersey 07105. ECN0011541B (0524)
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Horizon Blue Cross Blue Shield of New Jersey is an independent licensee of the Blue Cross Blue Shield Association. The Blue Cross® and Blue Shield® names and symbols are registered marks of the Blue Cross Blue Shield Association. The Horizon® name and symbols are registered marks of Horizon Blue Cross Blue Shield of New Jersey. © 2024 Horizon Blue Cross Blue Shield of New Jersey. Three Penn Plaza East, Newark, New Jersey 07105. ECN0011541B (0524)
HorizonBlue.com
Information based on Horizon BCBSNJ insured markets (2023 data).
Approximately 90 percent of your health plan premium goes directly to pay for medical care such as doctor visits, hospital stays, prescription drugs and outpatient services. The remaining money is used to pay for things like taxes, government fees, administrative costs and broker commissions, and establish Horizon’s reserves. Horizon reserves are used to protect our members and ensure that there are sufficient funds to pay claims in the event of a natural disaster or public health emergency.
HORIZON Reserves
0.7¢
BROKER COMMISSIONS
1¢
PREMIUM TAX, ACA FEES AND OTHER TAXES
4¢
ADMINSTRATIVE SERVICES
6.3¢
INPATIENT COSTS
18¢
PRESCRIPTION DRUGS
21¢
OUTPATIENT COSTS
22¢
PHYSICIAN SERVICES
27¢
Nearly 90¢ of Every Horizon Premium Dollar Goes Directly to Pay for Medical Care
Source: commonwealthfund.org
51% of working-age Americans struggle to afford their health care and about one in three (32%) are saddled with medical debt.
Rising Costs Threaten Access to Care
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Information based on Horizon BCBSNJ insured markets (2023 data).
Approximately 90 percent of your health plan premium goes directly to pay for medical care such as doctor visits, hospital stays, prescription drugs and outpatient services. The remaining money is used to pay for things like taxes, government fees, administrative costs and broker commissions, and establish Horizon’s reserves. Horizon reserves are used to protect our members and ensure that there are sufficient funds to pay claims in the event of a natural disaster or public health emergency.
HORIZON Reserves
0.7¢
BROKER COMMISSIONS
1¢
PREMIUM TAX, ACA FEES AND OTHER TAXES
4¢
ADMINSTRATIVE SERVICES
6.3¢
INPATIENT COSTS
18¢
PRESCRIPTION DRUGS
21¢
OUTPATIENT COSTS
22¢
PHYSICIAN SERVICES
27¢
Nearly 90¢ of Every Horizon Premium Dollar Goes Directly to Pay for Medical Care
Source: commonwealthfund.org
51% of working-age Americans struggle to afford their health care and about one in three (32%) are saddled with medical debt.
Rising Costs Threaten Access to Care
Stop Animation
Resume Animation