Paramus, New Jersey employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
18 employers in Paramus, New Jersey filed health plans with 100 or more participants for plan year 2024, covering 14,652 participants. They reported $6.1M in insurance premiums and $2.6M in broker commissions and fees. Against 2023, premiums were up 171.8% and broker pay rose 71.4%.
Funding: 5 fully insured · 8 self-funded · 5 mixed. 13 of 18 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Paramus
Paramus employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Children's Aid and Family Services, Inc. | $2,016,164 | $108,281 | 183 | Bankers Cooperative Group |
| Veolia Utility Resources LLC | $1,621,258 | $645,957 | 2,113 | Willis Towers Watson |
| Care Plus Bergen, Inc. | $1,332,148 | $71,229 | 851 | USI Insurance Services |
| Vornado Realty Trust | $826,359 | — | 559 | — |
| Savvas Learning Company LLC | $279,995 | $19,815 | 1,613 | James R. Nelligan & Associates LLC |
| The Society of the Valley Hospital | $0 | $314,771 | 4,469 | Saul R Locker |
| Coach USA, Inc. | $0 | $136,326 | 2,242 | Willis Towers Watson |
| Blinds to Go US, Inc. | $0 | $158,638 | 546 | Gallagher |
| Movado Group Inc. | $0 | $22,249 | 412 | Mercer |
| Care Plus NJ, Inc. | $0 | $26,268 | 322 | Susan E Payne & Associates |
| Oradell Animal Hospital, Inc. | $0 | $38,992 | 261 | Centerstone Insurance and Fina |
| Creative Management Services, LLC | $0 | $77,369 | 250 | Donald C Savoy Inc |
| Itc Infotech (USA), Inc. | $0 | $139,340 | 199 | Aon |
| Octapharma USA, Inc. | $0 | $371,334 | 169 | Willis Towers Watson |
| Koch Modular Process Systems, LLC | $0 | $134,585 | 125 | Centerstone Ins & Fin Ser |
| SK Life Science, Inc. | $0 | — | 124 | — |
| Versa Products Company, Inc. | $0 | $153,840 | 108 | USI Insurance Services |
| NS Pharma, Inc. | $0 | $151,864 | 106 | Marsh McLennan Agency |
Source: DOL Form 5500 Schedule A, plan year 2024; employers are grouped by the sponsor's mailing city as filed. Self-funded employers show only stop-loss and ancillary premium.
Who gets paid
Commissions and fees reported by Paramus employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Willis Towers Watson | $1,130,853 | 3 |
| Aon | $229,340 | 2 |
| Marsh McLennan Agency | $168,393 | 2 |
| USI Insurance Services | $164,715 | 2 |
| Gallagher | $158,638 | 1 |
| Saul R Locker | $145,319 | 1 |
| Donald C Savoy Inc | $127,725 | 2 |
| Centerstone Ins & Fin Ser | $116,746 | 1 |
| Alexander Benefits Consulting LLC | $79,452 | 1 |
| Emerson Rogers, LLC | $60,354 | 1 |
Largest medical carriers
Medical premium written for these employers.
Paramus against New Jersey and the U.S.
Medians over the same definitions on every BenefitsLedger page: commission rate on commission-paying, fully insured medical plans; broker pay per employer that disclosed any; medical premium per covered person.
| Paramus | New Jersey | United States | |
|---|---|---|---|
| Employer plans | 18 | 1,521 | 58,547 |
| Median commission rate | n/a | 5.4% | 3.8% |
| Middle half of rates | n/a | 2.7% – 7.3% | 2.7% – 5.0% |
| Median broker pay per employer | $135,456 | $79,574 | $72,628 |
| Medical premium per covered person | n/a | $7,942 | $7,274 |
| Plans reporting no commission | 0 | 15 | 933 |
Year over year. In plan year 2023, 19 Paramus employers reported $2.2M in premiums and $1.5M in broker pay for 14,878 participants; in 2024 it was $6.1M and $2.6M for 14,652 participants (premiums +171.8%, broker pay +71.4%).
Source: DOL Form 5500 and Schedule A, plan years 2024 and 2023, employer health plans with 100 or more participants; built October 24, 2026. Medians need at least 10 rated plans to be shown for a city. Methodology.
How much do Paramus employers pay health insurance brokers?
18 Paramus employers reported $2,570,858 in broker commissions and fees on their 2024 Form 5500 filings, 16 of them disclosing at least some compensation. Too few fully insured medical plans in Paramus reported premium to compute a stable commission rate; the New Jersey median is 5.4% and the U.S. median is 3.8%. In dollars, the median Paramus employer that disclosed broker pay reported $135,456.
Which Paramus employers have the largest health plans?
By insurance premium reported for 2024, Children's Aid and Family Services, Inc. ($2.0M), Veolia Utility Resources LLC ($1.6M), Care Plus Bergen, Inc. ($1.3M) lead. 18 Paramus employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Paramus?
By compensation reported by Paramus employers, the largest brokers are Willis Towers Watson ($1.1M, 3 plans), Aon ($229,340, 2 plans), Marsh McLennan Agency ($168,393, 2 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Horizon Healthcare Services, Inc., Unitedhealthcare Insurance Company.
Are Paramus employer health plans self-funded or fully insured?
Of 18 Paramus employer plans, 5 are fully insured, 8 are self-funded and 5 mix insured and self-funded coverage. Self-funded plans report only stop-loss and ancillary contracts on Schedule A, so their premium and broker pay understate total spend.
Other cities in New Jersey
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