Requires employers other than State who participate in SHBP and employers who participate in SEHBP to remain enrolled in program for minimum of five years.

Bill A5698 requires non-State employers participating in New Jersey's State Health Benefits Program (SHBP) or School Employees' Health Benefits Program (SEHBP) to remain enrolled for a minimum of five consecutive years after their initial enrollment. If an employer voluntarily leaves and later re-joins either program, they must stay for an additional five years, with the total requirement increasing by five years per re-entry (e.g., 10 years after the first re-entry). The bill also mandates the state agency to develop a participant balancing mechanism to maintain program stability by enrolling more employers and requires annual public reporting on participation trends and program costs.