Optometry practices in New Jersey
PlanOptica tracks 2 health and welfare plans sponsored by 2 optometry practices in New Jersey, covering 777 participants and $3.2M in reported insurance premiums (plan year 2024 to 2025 filings). The median plan has 389 participants, and the most common size is 100 to 249 participants (50% of plans). Fully insured coverage is the norm (100% of plans); only 0% are self-funded or mixed.
Cigna Health and Life Insurance Company dominates premium with a 71% share, followed by Great Midwest Insurance Company at 15%. Lockton Companies, LLC is the broker of record on 1 plan, more than any other firm, ahead of Allied Benefit Systems, LLC (1). 100% of plans report broker compensation on Schedule A; the median brokered plan pays $156K a year, about 17.3% of premium. Bloomfield and Iselin have the most plans.
Funding mix
- Fully insured2 · 100%
Plan size (participants)
- Under 1000 · 0%
- 100 to 2491 · 50%
- 250 to 4990 · 0%
- 500 to 9991 · 50%
- 1,000 or more0 · 0%
Median plan: 389 participants. Median broker comp: 17.3% of premium across 2 brokered plans.
Top carriers, optometry, New Jersey
- 1Cigna Health and Life Insurance Company$2.3M1 plans · 71.2%
- 2Great Midwest Insurance Company$488K1 plans · 15.0%
- 3Life Insurance Company of North America$234K1 plans · 7.2%
- 4Metropolitan Life Insurance Company$155K1 plans · 4.8%
- 5Equitable Financial Life Insurance Company of America$39K1 plans · 1.2%
- 6Heartland$18K1 plans · 0.5%
Top brokers, optometry, New Jersey
- 1Lockton Companies, LLC1 plans$102K comp · 50.0%
- 2Allied Benefit Systems, LLC1 plans$102K comp · 50.0%
- 3Christopher R Sampers1 plans$87K comp · 50.0%
- 4Boon Chapman Benefit Administrators1 plans$9K comp · 50.0%
- 5Sfi Advisors, LLC1 plans$5K comp · 50.0%
- 6Aetna Life Insurance Company1 plans$4K comp · 50.0%
- 7Gis Benefits Inc1 plans$2K comp · 50.0%
Largest optometry practices in New Jersey
| Employer / plan | City | Funding | Participants | Premium | Primary carrier |
|---|---|---|---|---|---|
| Eye Centers of America LLC Eye Centers of America - Health and Welfare PlanAll plans | Bloomfield | Fully insured | 548 | $682K | Great Midwest Insurance Company |
| Omni Ophthalmic Management Consultants, LLC Omni Ophthalmic Management Consultants, LLC Benefits PlanAll plans | Iselin | Fully insured | 229 | $2.6M | Cigna Health and Life Insurance Company |
Plans by city in New Jersey
Frequently asked questions
How many optometry practices in New Jersey offer an ERISA health plan?
2 health and welfare plans from 2 optometry practices in New Jersey appear in plan year 2024 to 2025 filings on Form 5500, covering 777 participants. Plans with fewer than 100 participants that are fully insured do not have to file, so small practices are under-counted.
Which insurance carriers cover the most optometry practices in New Jersey?
By Schedule A premium: Cigna Health and Life Insurance Company (71% of premium, 1 plan), Great Midwest Insurance Company (15% of premium, 1 plan) and Life Insurance Company of North America (7% of premium, 1 plan).
Which benefits brokers work with optometry practices in New Jersey?
By number of client plans: Lockton Companies, LLC (1 plan), Allied Benefit Systems, LLC (1 plan) and Christopher R Sampers (1 plan). 100% of plans report a broker.
How much do brokers earn on optometry practices health plans in New Jersey?
The median brokered plan reports $156K a year in broker commissions and fees, or 17.3% of premium. Figures come from Schedule A, Part I.
Are optometry practices health plans in New Jersey self-funded or fully insured?
Fully insured 100%. Self-funded and mixed plans together make up 0%.
Where does this data come from?
U.S. Department of Labor Form 5500 filings and their Schedule A insurance attachments, latest filing per plan. Offices of optometrists (NAICS 621320), plus healthcare employers whose name says optometry, eye care or vision center.
Prospect optometry practices in New Jersey
Open the welfare search with New Jersey and this sector prefilled. Narrow by participants, funding type, carrier, broker and broker compensation, then save the view or export it.
Optometry in nearby states
Other healthcare specialties in New Jersey
Source: U.S. Department of Labor Form 5500 and Schedule A, latest filing per plan (plan years 2024-2025). Offices of optometrists (NAICS 621320), plus healthcare employers whose name says optometry, eye care or vision center. Location is the sponsor's filing address in New Jersey.