Horizon Blue Cross Blue Shield of New Jersey announced Monday that it has been named the exclusive medical carrier for the state of New Jersey’s public employee health programs, the State Health Benefits Program and the School Employees’ Health Benefits Program.

After a competitive bidding process, Horizon was chosen to provide network, claims, navigation and advocacy services for active and retired public employees under age 65 who are covered by the SHBP and SEHBP.

Horizon said the new contract, which reflects many recommendations made by the State Health Benefits Quality and Value Task Force, is expected to provide the state with annual savings of $200 million.

Read more at ROI New Jersey.