New Jersey employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
1,521 New Jersey employers filed health plans with 100 or more participants for plan year 2024, covering 2,383,927 participants. They reported $670M in insurance premiums and $191M in broker commissions and fees. The median broker rate on commission-paying, fully insured medical plans was 5.4% of premium, 1.6 points above the national median of 3.8%.
Largest brokers
Reported commissions and fees, with the number of employer plans naming each.
Largest medical carriers
Medical premium written.
Cities in New Jersey
Every New Jersey city where 15 or more employers filed a health plan, by the sponsor's mailing address. Each page lists the city's largest plans, brokers and carriers.
| City | Employer plans | Premiums |
|---|---|---|
| Parsippany | 56 | $8.6M |
| Princeton | 55 | $47M |
| Jersey City | 40 | $25M |
| Newark | 39 | $68M |
| Edison | 38 | $6.2M |
| Mount Laurel | 35 | $20M |
| Morristown | 34 | $11M |
| Bridgewater | 26 | $19M |
| Lakewood | 26 | $697,681 |
| Secaucus | 24 | $5.1M |
| Cherry Hill | 22 | $7.2M |
| Fairfield | 21 | $955,795 |
| Somerset | 21 | $8.1M |
| Iselin | 20 | $29M |
| Piscataway | 19 | $1.9M |
| Florham Park | 18 | $1.0M |
| Paramus | 18 | $6.1M |
| Englewood Cliffs | 17 | $557,159 |
| Hoboken | 16 | $15M |
| Clifton | 15 | $0 |
| Hackensack | 15 | $148,328 |
Largest employer plans
By health plan participants.
Highest broker pay
Employers reporting the most broker commissions and fees.
Highest commission rates
Fully insured medical plans with at least $500,000 in premium, ranked by broker compensation as a share of premium.
Source: DOL Form 5500 and Schedule A, plan year 2024; built October 24, 2026. Methodology.
What do New Jersey employers pay health insurance brokers?
Across 71 fully insured medical plans in plan year 2024, among commission-paying fully insured medical plans, the median broker compensation for New Jersey employers was 5.4% of premium (middle half 2.7% to 7.3%), against a national median of 3.8%. In dollars, the median employer that disclosed broker pay reported $79,574.
Which New Jersey employers paid the most in broker commissions?
Extensis Group, LLC reported the most in 2024, $3,080,332, followed by Nfi Industries, Inc. ($1.8M) and Volvo Car USA LLC ($1.6M).
Which brokers and carriers dominate New Jersey?
By reported compensation, the largest brokers are Mercer, Marsh McLennan Agency, Willis Towers Watson. By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Blue Cross Blue Shield of South Carolina, Amerihealth Insurance Company.
Which New Jersey cities have the most employer health plans?
Parsippany (56 employer plans, $8.6M in premiums); Princeton (55 employer plans, $47M in premiums); Jersey City (40 employer plans, $25M in premiums); Newark (39 employer plans, $68M in premiums); Edison (38 employer plans, $6.2M in premiums). 21 New Jersey cities with 15 or more employer plans have their own page listing the largest plans, brokers and carriers.
Is your company on this page? Get its Form 5500 read next to the New Jersey medians.
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