Makes certain changes to calculation of minimum loss ratio requirements for health benefits plans in individual and small employer markets.

This bill changes how health insurers in New Jersey calculate their minimum loss ratio requirements for individual and small employer health plans. It requires insurers to use a three-year rolling average instead of annual calculations and expands the numerator to include both claims paid and spending on quality improvement initiatives. Insurers must exclude new state or federal taxes from premium calculations when determining if they meet the 80% minimum loss ratio threshold. These changes apply to all health insurance carriers offering plans in these markets, directly affecting how they report and adjust premiums to comply with consumer protection rules.