New Jersey's 11th Legislative District

Senator Jennifer Beck

Senator Jennifer Beck

Beck: Any Unneeded Horizon Surplus Should Be Returned to Subscribers

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Senator Jennifer Beck issued the following statement after today’s Senate Budget & Appropriations Committee hearing that examined the portions of the proposed FY18 state budget related to the departments of Health and Banking and Insurance:

Sen. Jennifer Beck said that any unneeded portion of Horizon’s surplus should be returned to subscribers. (¬©

“If there is ever a surplus that is in excess of what is appropriate to cover claims and ensure Horizon’s solvency, it should be returned to the subscribers who paid the premiums. That’s the only fair thing to do.”

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