Sarasota, Florida employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
60 employers in Sarasota, Florida filed health plans with 100 or more participants for plan year 2024, covering 30,302 participants. They reported $24M in insurance premiums and $5.5M in broker commissions and fees. The median broker rate on commission-paying, fully insured medical plans was 4.4% of premium, against 4.6% across Florida and 3.8% nationally. Against 2023, premiums were up 2.8% and broker pay fell 6.2%.
Funding: 29 fully insured · 15 self-funded · 16 mixed. 31 of 60 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Sarasota
Sarasota employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Fyzical, LLC | $3,569,831 | $202,070 | 519 | Marsh McLennan Agency |
| The Glenridge on Palmer Ranch, Inc. | $2,554,796 | $135,682 | 252 | Wingate Insurance Group |
| Planned Parenthood of Southwest and Central Florida | $2,008,815 | $94,456 | 175 | Acrisure |
| Mote Marine Laboratory, Inc. | $1,798,812 | $113,408 | 257 | Blue Water Insurance Group |
| The Out-Of-Door Academy of Sarasota, Inc. | $1,581,086 | $106,388 | 178 | AssuredPartners |
| Bay Village of Sarasota, Inc. | $1,553,044 | $48,459 | 144 | Marsh McLennan Agency |
| Auto Central Services Welfare Benefit Plan | $1,493,161 | $96,799 | 290 | 360 Wealth & Benefits, Inc |
| Lightshare Behavioral Wellness & Recovery, Inc. | $1,426,796 | $78,164 | 107 | Boyd Ins & Investment SVCS Inc |
| Pines of Sarasota Healthcare, LLC | $1,207,755 | $87,036 | 192 | Marsh McLennan Agency |
| Step Up Suncoast, Inc. | $1,149,706 | $76,828 | 201 | USI Insurance Services |
| Aqua Plumbing & Air Services, Inc. | $954,342 | $58,595 | 154 | Baldwyn Krystyn Sherman Partners |
| Badger Bob Services Inc | $788,402 | $45,818 | 120 | Kitchner & Associates Inc |
| Michael Saunders & Company | $787,025 | $49,449 | 125 | The Baldwin Group |
| McLeod Land & Equipment, Inc. | $728,815 | $40,737 | 110 | The Benefits Resources Inc |
| Crown Capital MGMT | $722,908 | $67,106 | 417 | Marsh McLennan Agency |
| Freedom Senior Management, LLC | $699,576 | $51,186 | 115 | Acrisure |
| South Bay Lube, Inc. | $482,037 | $32,787 | 196 | Brown & Brown |
| Children First, Inc. | $180,013 | $5,850 | 123 | Mba Insurors |
| Uniroyal Engineered Products, LLC | $44,490 | $37,183 | 185 | Willis Towers Watson |
| Roper Technologies, Inc. | $0 | $346,561 | 6,855 | USI Insurance Services |
| Boar's Head Provisions Co., Inc. | $0 | $154,009 | 2,865 | Mercer |
| Intertape Polymer Corp | $0 | $185,646 | 2,612 | HUB International |
| Dental Care Alliance, LLC | $0 | $228,370 | 2,232 | Lockton |
| Allied Aviation Services, Inc. | $0 | $95,407 | 1,172 | USI Insurance Services |
| Fcci Services, Inc. | $0 | $162,655 | 868 | Aon |
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 Sarasota employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Marsh McLennan Agency | $983,166 | 8 |
| USI Insurance Services | $599,745 | 5 |
| Brown & Brown | $368,857 | 2 |
| Acrisure | $276,659 | 5 |
| The Baldwin Group | $253,613 | 7 |
| Lockton | $231,013 | 4 |
| Aon | $215,164 | 2 |
| CBIZ | $189,956 | 2 |
| Mercer | $187,810 | 4 |
| HUB International | $185,646 | 1 |
Largest medical carriers
Medical premium written for these employers.
Sarasota against Florida 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.
| Sarasota | Florida | United States | |
|---|---|---|---|
| Employer plans | 60 | 3,039 | 58,547 |
| Median commission rate | 4.4% (16 plans) | 4.6% | 3.8% |
| Middle half of rates | 4.0% – 5.0% | 3.7% – 5.2% | 2.7% – 5.0% |
| Median broker pay per employer | $63,482 | $83,531 | $72,628 |
| Medical premium per covered person | $9,016 | $9,849 | $7,274 |
| Plans reporting no commission | 0 | 39 | 933 |
Year over year. In plan year 2023, 63 Sarasota employers reported $23M in premiums and $5.8M in broker pay for 33,109 participants; in 2024 it was $24M and $5.5M for 30,302 participants (premiums +2.8%, broker pay −6.2%).
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 Sarasota employers pay health insurance brokers?
60 Sarasota employers reported $5,474,316 in broker commissions and fees on their 2024 Form 5500 filings, 60 of them disclosing at least some compensation. Among 16 commission-paying, fully insured medical plans, the median broker rate was 4.4% of premium, 0.2 points below the Florida median of 4.6% and 0.6 points above the U.S. median of 3.8%. In dollars, the median Sarasota employer that disclosed broker pay reported $63,482.
Which Sarasota employers have the largest health plans?
By insurance premium reported for 2024, Fyzical, LLC ($3.6M), The Glenridge on Palmer Ranch, Inc. ($2.6M), Planned Parenthood of Southwest and Central Florida ($2.0M) lead. 25 Sarasota employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Sarasota?
By compensation reported by Sarasota employers, the largest brokers are Marsh McLennan Agency ($983,166, 8 plans), USI Insurance Services ($599,745, 5 plans), Brown & Brown ($368,857, 2 plans). By medical premium, the largest carriers are Blue Cross Blue Shield of Florida, Health Options, Dean Health Plan Inc.
Are Sarasota employer health plans self-funded or fully insured?
Of 60 Sarasota employer plans, 29 are fully insured, 15 are self-funded and 16 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 Florida
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