Montgomery, Alabama employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
37 employers in Montgomery, Alabama filed health plans with 100 or more participants for plan year 2024, covering 24,108 participants. They reported $157M in insurance premiums and $3.9M in broker commissions and fees. Against 2023, premiums were down 6.6% and broker pay rose 9.1%.
Funding: 18 fully insured · 11 self-funded · 8 mixed. 19 of 37 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Montgomery
Montgomery employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Hmma,llc | $49,031,742 | $85,330 | 3,820 | Mercer |
| Mobis-Alabama, LLC | $19,872,650 | $993,286 | 2,477 | OneDigital |
| The Medical Association of the State of Alabama (masa) | $16,231,214 | $36,454 | 1,047 | Yeary & Moore, LLC |
| Home Builders Association of Alabama | $13,210,773 | — | 1,132 | — |
| Alabama Pharmacy Association | $8,484,931 | $1,302 | 892 | Able Benefit Solutions Inc |
| Alabama Bankers Association | $6,850,489 | $4,107 | 722 | Marsh McLennan Agency |
| Southern Poverty Law Center, Inc | $6,261,360 | $276,543 | 505 | Hamron Dennis Bradshaw Inc |
| Alabama Forestry Association, Inc. | $4,255,901 | $60,036 | 409 | Cobbs Allen |
| Beasley, Allen, Crow, Methvin, Portis & Miles, PC | $3,448,056 | $126,300 | 311 | Cobbs Allen |
| Alabama Association of Realtors Health & Welfare Plan | $3,391,591 | $163,700 | 333 | Alliance Insurance Group, LLC |
| Kowa Pharmaceuticals America, Inc. | $3,293,984 | $55,326 | 274 | Lockton |
| Envolve Community Management, LLC | $2,881,098 | $36,238 | 377 | Lockton |
| Alabama Dental Association | $2,725,387 | $79,786 | 299 | Yeary and Moore LLC - Matthew Morri |
| Viscofan USA Inc | $2,533,772 | $38,086 | 324 | Willis Towers Watson |
| Alabama Housing Finance Authority | $1,972,179 | $25,033 | 149 | Able Benefit Solutions |
| Equal Justice Initiative | $1,862,050 | — | 123 | — |
| Lotus HR, Inc | $1,802,812 | $36,769 | 276 | Alliance Insurance Group LLC |
| Alabama Road Builders Health and Welfare Trust | $1,592,342 | $27,585 | 143 | Cobbs Allen |
| Psychiatric Staffing, LLC | $1,580,323 | $22,470 | 177 | Able Benefit Solutions, Inc. |
| Four Star Freightliner, Inc. | $1,259,199 | $103,684 | 156 | Starke Agency Inc |
| Ascent Residential, L.L.C | $1,077,886 | $38,821 | 168 | Cobbs Allen |
| Aronov Realty Management, Inc. | $1,062,705 | $9,845 | 110 | Altera Payroll & Insuranc |
| Thermalex, Inc. | $925,907 | $49,892 | 103 | Palomar Insurance Corporation |
| Health Services Inc | $920,783 | $60,221 | 224 | Cobbs Allen |
| Alabama Veterinary Medical Association | $643,815 | $16,179 | 100 | Cobbs Allen |
Source: DOL Form 5500 Schedule A, plan year 2024; employers are grouped by the sponsor's mailing city as filed. Self-funded employers show only stop-loss and ancillary premium.
Who gets paid
Commissions and fees reported by Montgomery employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Benefits Alliance Insurance Service | $803,846 | 6 |
| OneDigital | $540,879 | 3 |
| Cobbs Allen | $496,717 | 8 |
| Palomar Insurance Corporation | $210,224 | 2 |
| Willis Towers Watson | $183,264 | 2 |
| Marsh McLennan Agency | $111,760 | 2 |
| Lockton | $91,564 | 2 |
| Harmon Dennis Bradshaw | $90,993 | 4 |
| HUB International | $90,718 | 1 |
| Lakeshore Benefit Alliance | $89,301 | 4 |
Largest medical carriers
Medical premium written for these employers.
Montgomery against Alabama and the U.S.
Medians over the same definitions on every BenefitsLedger page: commission rate on commission-paying, fully insured medical plans; broker pay per employer that disclosed any; medical premium per covered person.
| Montgomery | Alabama | United States | |
|---|---|---|---|
| Employer plans | 37 | 638 | 58,547 |
| Median commission rate | n/a | 3.7% | 3.8% |
| Middle half of rates | n/a | 3.0% – 4.8% | 2.7% – 5.0% |
| Median broker pay per employer | $55,326 | $64,089 | $72,628 |
| Medical premium per covered person | $7,137 | $6,384 | $7,274 |
| Plans reporting no commission | 17 | 272 | 933 |
Year over year. In plan year 2023, 36 Montgomery employers reported $168M in premiums and $3.6M in broker pay for 22,814 participants; in 2024 it was $157M and $3.9M for 24,108 participants (premiums −6.6%, broker pay +9.1%).
Source: DOL Form 5500 and Schedule A, plan years 2024 and 2023, employer health plans with 100 or more participants; built October 24, 2026. Medians need at least 10 rated plans to be shown for a city. Methodology.
How much do Montgomery employers pay health insurance brokers?
37 Montgomery employers reported $3,897,022 in broker commissions and fees on their 2024 Form 5500 filings, 33 of them disclosing at least some compensation. Too few fully insured medical plans in Montgomery reported premium to compute a stable commission rate; the Alabama median is 3.7% and the U.S. median is 3.8%. In dollars, the median Montgomery employer that disclosed broker pay reported $55,326.
Which Montgomery employers have the largest health plans?
By insurance premium reported for 2024, Hmma,llc ($49M), Mobis-Alabama, LLC ($20M), The Medical Association of the State of Alabama (masa) ($16M) lead. 25 Montgomery employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Montgomery?
By compensation reported by Montgomery employers, the largest brokers are Benefits Alliance Insurance Service ($803,846, 6 plans), OneDigital ($540,879, 3 plans), Cobbs Allen ($496,717, 8 plans). By medical premium, the largest carriers are Blue Cross and Blue Shield of Alabama, Blue Cross Blue Shield, HCC Life Insurance Company.
Are Montgomery employer health plans self-funded or fully insured?
Of 37 Montgomery employer plans, 18 are fully insured, 11 are self-funded and 8 mix insured and self-funded coverage. Self-funded plans report only stop-loss and ancillary contracts on Schedule A, so their premium and broker pay understate total spend.
Other cities in Alabama
Is your company on this page? Get its Form 5500 read next to the Montgomery, Alabama medians.
Tell us the company and a specialist writes up what the public Form 5500 record shows for it, if it files one: broker pay against the medians above, fee disclosure and filing timeliness, in a form you can forward to your CFO or counsel. Tick the box if you also want a 15-minute walkthrough call.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.