Waterbury, Connecticut employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
15 employers in Waterbury, Connecticut filed health plans with 100 or more participants for plan year 2024, covering 4,881 participants. They reported $1.7M in insurance premiums and $1.0M in broker commissions and fees. Against 2023, premiums were up 850.9% and broker pay rose 19.8%.
Funding: 2 fully insured · 8 self-funded · 5 mixed. 13 of 15 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Waterbury
Waterbury employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Carmody Torrance Sandak & Hennessey LLLP | $1,508,517 | $103,711 | 145 | Brown & Brown |
| Element Solutions Inc | $150,800 | $174,211 | 1,115 | Aon |
| National Integrated Industries Inc | $26,524 | $75,257 | 189 | Stirling Benefits Inc |
| Post University Inc | $0 | $78,301 | 1,066 | RSC Insurance Brokerage, Inc. |
| Refocus Management Services, LLC | $0 | $85,458 | 752 | Foley Ins Agency Inc |
| H&T Battery Components USA Inc | $0 | $17,674 | 348 | Kapnick & Company, Inc. |
| Microbest, Inc. | $0 | $131,196 | 174 | Sylvia Group an Alera Group Agency |
| Torrco | $0 | $62,390 | 164 | OneDigital |
| Easter Seal Rehabilitation Center of Greater Waterbury, Inc. | $0 | $14,849 | 160 | OneDigital |
| Wellmore, Inc. | $0 | $88,596 | 154 | HP Planning LLC |
| New Opportunities, Inc. | $0 | $50,463 | 151 | USI Insurance Services |
| Cyl-Del Manufacturing | $0 | $4,643 | 127 | McConkey |
| Luvata Waterbury, Inc | $0 | $7,160 | 122 | Marsh McLennan Agency |
| The Eye Care Group, P.C. | $0 | $53,735 | 110 | OneDigital |
| Hubbard-Hall Inc | $0 | $63,428 | 104 | OneDigital |
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 Waterbury employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| OneDigital | $182,404 | 4 |
| Aon | $173,977 | 1 |
| Sylvia Group an Alera Group Agency | $131,196 | 1 |
| Brown & Brown | $103,711 | 1 |
| The Foley Ins Agency Inc | $85,458 | 1 |
| HP Planning LLC | $84,459 | 1 |
| Stirling Benefits Inc. | $71,611 | 1 |
| RSC Insurance Brokerage, Inc. | $69,410 | 2 |
| USI Insurance Services | $45,313 | 1 |
| Rogers Benefit Group Inc | $18,643 | 2 |
Largest medical carriers
Medical premium written for these employers.
Waterbury against Connecticut 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.
| Waterbury | Connecticut | United States | |
|---|---|---|---|
| Employer plans | 15 | 722 | 58,547 |
| Median commission rate | n/a | 6.0% | 3.8% |
| Middle half of rates | n/a | 4.1% – 6.9% | 2.7% – 5.0% |
| Median broker pay per employer | $63,428 | $74,008 | $72,628 |
| Medical premium per covered person | n/a | $8,147 | $7,274 |
| Plans reporting no commission | 0 | 8 | 933 |
Year over year. In plan year 2023, 14 Waterbury employers reported $177,290 in premiums and $844,135 in broker pay for 4,059 participants; in 2024 it was $1.7M and $1.0M for 4,881 participants (premiums +850.9%, broker pay +19.8%).
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 Waterbury employers pay health insurance brokers?
15 Waterbury employers reported $1,011,072 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 Waterbury reported premium to compute a stable commission rate; the Connecticut median is 6.0% and the U.S. median is 3.8%. In dollars, the median Waterbury employer that disclosed broker pay reported $63,428.
Which Waterbury employers have the largest health plans?
By insurance premium reported for 2024, Carmody Torrance Sandak & Hennessey LLLP ($1.5M), Element Solutions Inc ($150,800), National Integrated Industries Inc ($26,524) lead. 15 Waterbury employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Waterbury?
By compensation reported by Waterbury employers, the largest brokers are OneDigital ($182,404, 4 plans), Aon ($173,977, 1 plans), Sylvia Group an Alera Group Agency ($131,196, 1 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Unitedhealthcare Insurance Company, Anthem Health Plans, Inc..
Are Waterbury employer health plans self-funded or fully insured?
Of 15 Waterbury employer plans, 2 are fully insured, 8 are self-funded and 5 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 Connecticut
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