First Managed Care Option Inc Salary

First Managed Care Option Inc Salary

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As of August 2026, the average hourly salary for employees at First Managed Care Option Inc in the United States is $53. This translates to an approximate annual wage of $110,437. Salaries at First Managed Care Option Inc typically range from $47 to $60 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at First Managed Care Option Inc

Ready for your next career move? Explore current job openings at First Managed Care Option Inc. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is First Managed Care Option Inc’s Pay Competitive? Salary Benchmarking Analysis

How does First Managed Care Option Inc's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
United States Corporation Agents Inc $54
+2.0%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Avery W Hall Insurance Agency Inc $50
-5.9%
Avery W Hall Insurance Agency Inc operates with a leaner overhead structure, impacting base wage offers.
Hawaii Employers' Mutual Insurance Co $49
-7.9%
Normalized for lower cost-of-living zones where Hawaii Employers' Mutual Insurance Co primarily operates.
Roadway Insurance Inc $52
-2.1%
Indicates identical technical requirements and experience levels between the two firms.
Insurance Industry $60
+12.2%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

Companies Similar to First Managed Care Option Inc and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at First Managed Care Option Inc. Click a company name to learn more.

Employee Reviews: Working at First Managed Care Option Inc

Considering a career at First Managed Care Option Inc? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The benefits, including stock options and health plans, are outstanding. Benefits are excellent. I’ve been with this insurance company for several years, and it’s been a positive journey. The benefits, including health and retirement plans, are excellent.
Commented in February 26, 2025
22
1
The office environment is comfortable, and hybrid options are available. Colleagues are generally cooperative, and there’s minimal turnover in my department. A great place to grow and thrive. Colleagues are cooperative, and leadership communicates well. Joining this insurance firm was one of the best career decisions I’ve made. Overall, it’s a stable and rewarding place to build a career in the in...
Commented in October 14, 2024
38
3
The insurance industry is demanding, but the team makes it manageable. Managers are supportive, and teamwork is emphasized. This company offers a steady career path in insurance.
Commented in January 12, 2024
16
2

First Managed Care Option Inc Overview

Website
www.firstmco.com
Founded In
1977
Employees
50 - 100 employees
Industry
Insurance
Headquarter Address
2740 State Rte 10 Morris Plains New Jersey NJ 07950
Revenue
$10 Million - $50 Million
Phone Number
+1 9732575200
Social Media
About First Managed Care Option Inc
First MCO is a full-service managed care organization providing medical cost containment services for workers' compensation programs, auto insurers, and group health. With more than 30 years in the industry, we help insurance companies, insurance funds, third-party administrators, and self-insured employers manage their costs, associated with workers' compensation and other medical claims. Among o

What Benefits Does First Managed Care Option Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. First Managed Care Option Inc offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Jersey City?

Understanding the cost of living near Jersey City is key to truly evaluating a salary offer or your current compensation at First Managed Care Option Inc.
Jersey City's Cost of Living Index is approximately 132.5 (32.5% more expensive than US average; 16.1% more than NJ average). Across from Manhattan, very high housing costs, excellent transit (PATH, Light Rail, Ferry). When planning your budget based on a salary from First Managed Care Option Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,500 - $3,800+ A significant portion of First Managed Care Option Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $121 (PATH 30-day unlimited) / NJ Transit varies Essential for most commuters; car ownership is costly.
Groceries (Single Person) $470 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $900+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $420 - $780+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,041 - $6,401+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of First Managed Care Option Inc

1. How much does First Managed Care Option Inc in the United States pay?

First Managed Care Option Inc pays its employees an average of $53 per hour. The average salary at First Managed Care Option Inc range from $47 to $60 per hour. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills and location.

2. Do First Managed Care Option Inc employees get a higher salary than its peer company?

The salary at First Managed Care Option Inc is lesser than its peer company. The average annual salary at First Managed Care Option Inc is $110,437, or an hourly wage of $53, in comparison to United States Corporation Agents Inc which pays $112,663 per year or $54 per hour.

3. What are the highest paying jobs at First Managed Care Option Inc?

The higher-paying job at First Managed Care Option Inc, according to our data, include Chief Information Officer (avg. $161 per hour), Vice President, Finance (avg. $132 per hour), and Chief Information Security Officer (avg. $119 per hour). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at First Managed Care Option Inc?

Salary progression with years of experience at First Managed Care Option Inc is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at First Managed Care Option Inc vary by office location?

Yes, it's very likely that salaries at First Managed Care Option Inc vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Jersey City section provides more context.

6. Does First Managed Care Option Inc offer good benefits?

First Managed Care Option Inc typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at First Managed Care Option Inc" section on this page.

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