Physical and occupational therapy practices in New Jersey
PlanOptica tracks 5 health and welfare plans sponsored by 5 physical and occupational therapy practices in New Jersey, covering 3,523 participants and $9.0M in reported insurance premiums (plan year 2024 to 2025 filings). The median plan has 385 participants, and the most common size is 250 to 499 participants (40% of plans). Most of these plans are self-funded or mixed (80%), so stop-loss and TPA relationships matter as much as the medical carrier.
Horizon Healthcare Services, Inc dominates premium with a 75% share, followed by Guardian at 11%. Centerstone Insurance and Finance is the broker of record on 2 plans, more than any other firm, ahead of Willis of New Jersey, Inc (1). 100% of plans report broker compensation on Schedule A; the median brokered plan pays $29K a year, about 5.0% of premium. Bridgewater, Lakewood and East Hanover have the most plans.
Funding mix
- Mixed4 · 80%
- Fully insured1 · 20%
Plan size (participants)
- Under 1000 · 0%
- 100 to 2491 · 20%
- 250 to 4992 · 40%
- 500 to 9991 · 20%
- 1,000 or more1 · 20%
Median plan: 385 participants. Median broker comp: 5.0% of premium across 5 brokered plans.
Top carriers, physical therapy, New Jersey
- 1Horizon Healthcare Services, Inc$6.8M1 plans · 75.5%
- 2Guardian$1.0M2 plans · 11.4%
- 3Nationwide Life Insurance Company$410K1 plans · 4.6%
- 4Delta Dental of New Jersey, Inc$218K1 plans · 2.4%
- 5Principal Life Insurance Company$163K2 plans · 1.8%
- 6Aetna Life Insurance Co$162K1 plans · 1.8%
- 7Prudential Insurance Company of America$149K1 plans · 1.7%
- 8Vision Service Plan$55K1 plans · 0.6%
- 9Flagship Health Systems$10K1 plans · 0.1%
- 10Transamerica Life Insurance Company$7K1 plans · 0.1%
Top brokers, physical therapy, New Jersey
- 1Centerstone Insurance and Finance2 plans$61K comp · 40.0%
- 2Willis of New Jersey, Inc1 plans$102K comp · 20.0%
- 3Emerson Rogers LLC1 plans$57K comp · 20.0%
- 4James R Nelligan & Associates1 plans$29K comp · 20.0%
- 5Usi Insurance Services LLC1 plans$7K comp · 20.0%
- 6Schechner Lifson Corp1 plans$6K comp · 20.0%
- 7Lacher & Associates Ins Agency, Inc1 plans$3K comp · 20.0%
- 8Donald C. Savoy1 plans$640 comp · 20.0%
- 9Risk Placement Services Inc1 plans$206 comp · 20.0%
- 10Img1 plans$65 comp · 20.0%
Largest physical and occupational therapy practices in New Jersey
| Employer / plan | City | Funding | Participants | Premium | Primary carrier |
|---|---|---|---|---|---|
| Jag-One Intermediate Holdings, LLC Jag-One Intermediate Holdings, LLC Health and Welfare Benefit PlanAll plans | Bridgewater | Mixed | 1,931 | $421K | The Guardian Life Insurance Company of America |
| Feist Consulting, LLC Feist Consulting LLC Employee Medical Benefit PlanAll plans | Lakewood | Mixed | 633 | $1.0M | The Guardian Life Insurance Company of America |
| Sportscare Institute Sportscare Institute Group Health and Welfare Benefits PlanAll plans | East Hanover | Mixed | 385 | $185K | Aetna Life Insurance Company |
| CPC Behavioral Healthcare CPC Integrated Health and Welfare PlanAll plans | Eatontown | Fully insured | 361 | $7.2M | Horizon Healthcare Services, Inc |
| Sportsmed PT LLC Sportsmed PT LLC Employee Benefits PlanAll plans | Glen Rock | Mixed | 213 | $140K | Principal Life Insurance Company |
Plans by city in New Jersey
Frequently asked questions
How many physical and occupational therapy practices in New Jersey offer an ERISA health plan?
5 health and welfare plans from 5 physical and occupational therapy practices in New Jersey appear in plan year 2024 to 2025 filings on Form 5500, covering 3,523 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 physical and occupational therapy practices in New Jersey?
By Schedule A premium: Horizon Healthcare Services, Inc (75% of premium, 1 plan), Guardian (11% of premium, 2 plans) and Nationwide Life Insurance Company (5% of premium, 1 plan).
Which benefits brokers work with physical and occupational therapy practices in New Jersey?
By number of client plans: Centerstone Insurance and Finance (2 plans), Willis of New Jersey, Inc (1 plan) and Emerson Rogers LLC (1 plan). 100% of plans report a broker.
How much do brokers earn on physical and occupational therapy practices health plans in New Jersey?
The median brokered plan reports $29K a year in broker commissions and fees, or 5.0% of premium. Figures come from Schedule A, Part I.
Are physical and occupational therapy practices health plans in New Jersey self-funded or fully insured?
Mixed 80% and fully insured 20%. Self-funded and mixed plans together make up 80%.
Where does this data come from?
U.S. Department of Labor Form 5500 filings and their Schedule A insurance attachments, latest filing per plan. Physical, occupational and speech therapists and audiologists (NAICS 621340), plus healthcare employers whose name says physical or occupational therapy.
Prospect physical and occupational therapy 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.
Physical therapy 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). Physical, occupational and speech therapists and audiologists (NAICS 621340), plus healthcare employers whose name says physical or occupational therapy. Location is the sponsor's filing address in New Jersey.