In July 2017 all NJ Motor Truck Association (NJMTA) members who were participants in MTA's health benefits program through Association Master Trust, in 2016 and still active as of July 1, 2017 received a credit equal to 3% of their annual premium as a credit on their July 2017 statement. This is each MTA participating member company's share of a total $3.1 million dollar return for 2016.
The Association Master Trust Trustees declared a dividend as a result of surplus premium due to lower than expected utilization.
What other health plan returns excess premiums? Other health plans may use excess premium for shareholder dividends or executive compensation as opposed to returning it to participants. This is why Association Master Trust is so unique, it's a health plan owned by small business owners for small business owners.
Association Master Trust offers a wide range of plan designs at competitive prices and its customer service is unparalleled in the industry. The return of premium in 2017 is in addition to the $2.5 million returned in 2016 for 2015. In the last six years Association Master Trust has returned $14 million to members.
To get quote from Association Master Trust call Joy Castagno 973-379-1090 x 229 or click here. All regular and associate members in good standing are eligible for coverage.
New Jersey Motor Truck Association | 160 Tices Lane, East Brunswick, NJ 08816 | 732-254-5000