The Affiliated Physicians and Employers Master Trust (APEMT) d/b/a Members Health Plan NJ (MHPNJ) filed Chapter 11 Bankruptcy on 5/24/2021 as a result of increased claims volumes due to COVID-19. The filing was necessary to provide the protections needed to allow APEMT to continue to meet the needs of our Members and their covered employees.
Please note, APEMT is continuing to operate while working closely with Aetna to ensure that there is no disruption to our members. The Plan is working hard to preserve our options and is making positive strides in an effort to obtain outside funding that will allow us to provide alternative plans to our regulators and enable us to continue Plan operations.
Since filing the bankruptcy petition on May 24, 2021, the Plan has worked hard to ensure minimal disruption to our membership and continues to:
- Communicate with the New Jersey Department of Insurance as well as the Department of Labor to provide the information necessary to continue the Plan.
- Work closely with Aetna, to ensure that members are receiving services as we work through this process.
- Work to secure outside funding to continue plan operations.
- Operate the Plan in the normal course of business with Bankruptcy Court approval, including the release of July Renewals.
While we still face uncertainty, we will continue to work through the next steps with our regulators to make every effort and exhaust all resources to rehabilitate the Plan and appreciate your continued support and patience.
APEMT will provide additional information as it becomes available and will communicate with all brokers, employers, and employees as soon as possible. We appreciate your continued support and recognize that this is a concerning situation for all. We understand that you may have questions and would like more information regarding the Plan’s status, so we have created a dedicated phone line, email address and webpage to provide you with a resource to obtain information.
In the meantime, if you have questions or concerns, please feel free to contact the Plan by calling 1-833-MEWANOW (1-833-639-2669) Option 7, email us at MHPNJinfo@concordmgt.com or go to MHPNJ Plan website www.membershealthplannj.com
Cosmo Insurance Agency is a full-service independent insurance agency based in Hackensack (Bergen County) and Lakewood (Ocean County), New Jersey that offers an all-encompassing range of insurance options for both individuals and businesses. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating our knowledge of the insurance guidelines for healthcare, employee benefits, life insurance, self-insurance, dental, disability, and long term care insurance, we keep our clients up-to-date with affordable plans that cover all their specific insurance needs.