Oakbrook Terrace, Illinois employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
19 employers in Oakbrook Terrace, Illinois filed health plans with 100 or more participants for plan year 2024, covering 28,911 participants. They reported $129M in insurance premiums and $6.0M in broker commissions and fees. Against 2023, premiums were up 589.4% and broker pay rose 70.4%.
Funding: 2 fully insured · 7 self-funded · 10 mixed. 17 of 19 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Oakbrook Terrace
Oakbrook Terrace 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 Oakbrook Terrace employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| HUB International | $3,136,832 | 3 |
| Umr Inc | $754,516 | 1 |
| Mercer | $624,994 | 4 |
| Aon | $279,563 | 1 |
| Eoi Service Company, Inc. | $196,823 | 1 |
| Marsh McLennan Agency | $183,542 | 3 |
| The Horton Group Inc. | $175,971 | 2 |
| Davidson James Duncan | $175,555 | 1 |
| Lockton | $149,063 | 3 |
| Willis Towers Watson | $107,532 | 2 |
Largest medical carriers
Medical premium written for these employers.
Oakbrook Terrace against Illinois 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.
| Oakbrook Terrace | Illinois | United States | |
|---|---|---|---|
| Employer plans | 19 | 2,831 | 58,547 |
| Median commission rate | n/a | 1.5% | 3.8% |
| Middle half of rates | n/a | 0.4% – 3.1% | 2.7% – 5.0% |
| Median broker pay per employer | $110,539 | $85,899 | $72,628 |
| Medical premium per covered person | n/a | $6,708 | $7,274 |
| Plans reporting no commission | 0 | 30 | 933 |
Year over year. In plan year 2023, 17 Oakbrook Terrace employers reported $19M in premiums and $3.5M in broker pay for 24,866 participants; in 2024 it was $129M and $6.0M for 28,911 participants (premiums +589.4%, broker pay +70.4%).
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 Oakbrook Terrace employers pay health insurance brokers?
19 Oakbrook Terrace employers reported $6,011,863 in broker commissions and fees on their 2024 Form 5500 filings, 17 of them disclosing at least some compensation. Too few fully insured medical plans in Oakbrook Terrace reported premium to compute a stable commission rate; the Illinois median is 1.5% and the U.S. median is 3.8%. In dollars, the median Oakbrook Terrace employer that disclosed broker pay reported $110,539.
Which Oakbrook Terrace employers have the largest health plans?
By insurance premium reported for 2024, Hub International Limited ($106M), Joint Commission on Accreditation of Healthcare Organizations ($12M), North American Automotive Services, Inc. ($5.8M) lead. 19 Oakbrook Terrace employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Oakbrook Terrace?
By compensation reported by Oakbrook Terrace employers, the largest brokers are HUB International ($3.1M, 3 plans), Umr Inc ($754,516, 1 plans), Mercer ($624,994, 4 plans). By medical premium, the largest carriers are Bluecross Blueshield of Illinois, Arkansas Blue Cross and Blue Shield, Geisinger Quality Options, Inc..
Are Oakbrook Terrace employer health plans self-funded or fully insured?
Of 19 Oakbrook Terrace employer plans, 2 are fully insured, 7 are self-funded and 10 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 Illinois
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