Foster City, California employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
15 employers in Foster City, California filed health plans with 100 or more participants for plan year 2024, covering 32,165 participants. They reported $8.0M in insurance premiums and $3.8M in broker commissions and fees. Against 2023, premiums were up 5.4% and broker pay rose 5.7%.
Funding: 1 fully insured · 0 self-funded · 14 mixed. 14 of 15 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Foster City
Foster City employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Quinstreet, Inc. | $6,513,728 | $291,401 | 789 | Alliant Insurance Services |
| Coupa Software, Inc. | $1,085,221 | $702,193 | 1,442 | Aon |
| Gilead Sciences, Inc. | $433,051 | $36,728 | 11,283 | Marsh McLennan Agency |
| Visa Inc. | $0 | $973,730 | 13,391 | Willis Towers Watson |
| Zoox, Inc. | $0 | $50,261 | 2,277 | Alliant Insurance Services |
| Qualys, Inc. | $0 | $419,254 | 567 | EPIC Insurance Brokers |
| Midpen Property Management Corp. | $0 | $319,269 | 544 | Marsh McLennan Agency |
| Exabeam | $0 | $314,133 | 499 | Marsh McLennan Agency |
| Legacy Partners Realty, Inc. | $0 | $200,782 | 332 | USI Insurance Services |
| Tipalti, Inc. | $0 | $88,559 | 284 | Abd Ins. and Financial SVCS., Inc. |
| CSG Consultants, Inc. | $0 | $187,547 | 273 | Acrisure |
| Conviva Inc. | $0 | $44,629 | 144 | Alliant Insurance Services |
| Geron Corporation | $0 | $69,075 | 132 | Marsh McLennan Agency |
| Peninsula Jewish Community Center | $0 | $37,560 | 108 | HUB International |
| Kumar Management | $0 | $58,063 | 100 | Gallagher |
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 Foster City employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Marsh McLennan Agency | $973,159 | 5 |
| Aon | $682,832 | 2 |
| Willis Towers Watson | $671,812 | 1 |
| Alliant Insurance Services | $383,374 | 3 |
| EPIC Insurance Brokers | $222,727 | 1 |
| Centerstone Ins and Financial SVCS | $196,527 | 1 |
| USI Insurance Services | $187,658 | 1 |
| Acrisure | $134,826 | 1 |
| Abd Ins. and Financial SVCS., Inc. | $88,790 | 1 |
| Gallagher | $55,954 | 1 |
Largest medical carriers
Medical premium written for these employers.
Foster City 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.
| Foster City | California | United States | |
|---|---|---|---|
| Employer plans | 15 | 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 | $187,547 | $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, 15 Foster City employers reported $7.6M in premiums and $3.6M in broker pay for 30,948 participants; in 2024 it was $8.0M and $3.8M for 32,165 participants (premiums +5.4%, broker pay +5.7%).
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 Foster City employers pay health insurance brokers?
15 Foster City employers reported $3,793,184 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 Foster City 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 Foster City employer that disclosed broker pay reported $187,547.
Which Foster City employers have the largest health plans?
By insurance premium reported for 2024, Quinstreet, Inc. ($6.5M), Coupa Software, Inc. ($1.1M), Gilead Sciences, Inc. ($433,051) lead. 15 Foster City employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Foster City?
By compensation reported by Foster City employers, the largest brokers are Marsh McLennan Agency ($973,159, 5 plans), Aon ($682,832, 2 plans), Willis Towers Watson ($671,812, 1 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Triple S Salud, Inc., Sutter Health Plan.
Are Foster City employer health plans self-funded or fully insured?
Of 15 Foster City employer plans, 1 are fully insured, 0 are self-funded and 14 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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