Covina, California employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
25 employers in Covina, California filed health plans with 100 or more participants for plan year 2024, covering 44,752 participants. They reported $3.7M in insurance premiums and $2.4M in broker commissions and fees. Against 2023, premiums were down 4.1% and broker pay rose 24.2%.
Funding: 4 fully insured · 4 self-funded · 17 mixed. 21 of 25 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Covina
Covina employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
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 Covina employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Lockton | $693,852 | 2 |
| Sequoia | $549,369 | 4 |
| Lumity, Inc. | $345,844 | 2 |
| Benefits America Insurance Services | $315,787 | 1 |
| Gallagher | $104,052 | 1 |
| Alliant Insurance Services | $93,010 | 1 |
| Rippling | $66,599 | 1 |
| Benefits Cafe Com Inc | $54,764 | 1 |
| Liberty Company Insurance Brokers | $50,918 | 1 |
| Voluntary Benefit Advisors | $36,332 | 1 |
Largest medical carriers
Medical premium written for these employers.
Covina against California 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.
| Covina | California | United States | |
|---|---|---|---|
| Employer plans | 25 | 6,836 | 58,547 |
| Median commission rate | n/a | 4.0% | 3.8% |
| Middle half of rates | n/a | 0.6% – 6.3% | 2.7% – 5.0% |
| Median broker pay per employer | $104,052 | $104,298 | $72,628 |
| Medical premium per covered person | n/a | $6,689 | $7,274 |
| Plans reporting no commission | 0 | 25 | 933 |
Year over year. In plan year 2023, 24 Covina employers reported $3.8M in premiums and $1.9M in broker pay for 38,921 participants; in 2024 it was $3.7M and $2.4M for 44,752 participants (premiums −4.1%, broker pay +24.2%).
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 Covina employers pay health insurance brokers?
25 Covina employers reported $2,393,918 in broker commissions and fees on their 2024 Form 5500 filings, 15 of them disclosing at least some compensation. Too few fully insured medical plans in Covina reported premium to compute a stable commission rate; the California median is 4.0% and the U.S. median is 3.8%. In dollars, the median Covina employer that disclosed broker pay reported $104,052.
Which Covina employers have the largest health plans?
By insurance premium reported for 2024, Board of Trustees, Southern California Painting & ($2.5M), Board of Trustees, Laborers Health & Wel Trust FD for Southern Califor ($590,818), Board of Trustees, UFCW - Hawaii Food Employers ($192,548) lead. 25 Covina employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Covina?
By compensation reported by Covina employers, the largest brokers are Lockton ($693,852, 2 plans), Sequoia ($549,369, 4 plans), Lumity, Inc. ($345,844, 2 plans). By medical premium, the largest carriers are California Physicians Service, Kaiser, Kaiser Foundation Health Plan, Inc..
Are Covina employer health plans self-funded or fully insured?
Of 25 Covina employer plans, 4 are fully insured, 4 are self-funded and 17 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 California
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