New Jersey Education Associationbenefits

New Jersey Education Association's benefits plans covered 163,698 active participants in 2024, providing short-term disability · long-term disability · other. Insurance premiums totaled $970,959. Insurance brokers and agents were paid $3,211,046 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 330.7% of premiums. That is $20 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 7.0% from $3,451,326 in 2023.