Carmel, Indiana employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
45 employers in Carmel, Indiana filed health plans with 100 or more participants for plan year 2024, covering 29,255 participants. They reported $4.5M in insurance premiums and $4.0M in broker commissions and fees. Against 2023, premiums were up 22.1% and broker pay rose 5.4%.
Funding: 9 fully insured · 27 self-funded · 9 mixed. 36 of 45 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Carmel
Carmel employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Cno Services LLC | $1,740,650 | $104,384 | 3,454 | Locascio, Hadden & Dennis |
| Zotec Partners, LLC | $671,497 | $168,230 | 816 | Lockton |
| Schwarz Partners, LP | $486,964 | $317,950 | 1,571 | Hylant |
| Alliance for Cooperative Energy Services | $402,994 | $59,412 | 311 | Gregory & Appel |
| Oxford Financial Group, LTD | $286,654 | $71,569 | 179 | First Person, Inc |
| Goodman Campbell Brain and Spine | $177,379 | $21,209 | 157 | Hylant |
| Envista, LLC | $163,308 | $62,674 | 342 | Locascio Hadden & Dennis, LLC |
| BSA Lifestructures Inc. | $158,051 | $113,203 | 191 | Apex Benefits Group Inc |
| MJ Insurance, Inc. | $111,287 | $7,556 | 167 | James R. Nelligan & Associates |
| Onecause Inc. | $111,026 | $40,821 | 223 | American Healthcare Group, Inc. |
| Forte Sports Medicine and Orthopedics dba Methodist Sports Medicine Ce | $99,251 | $44,385 | 234 | Shepherd Insurance LLC |
| Littlestar Center Inc. dba Little Star Aba Therapy | $67,009 | $13,573 | 158 | Brown & Brown |
| Alt & Witzig Engineering Inc. | $58,103 | $8,949 | 129 | AssuredPartners |
| Schlage Lock Company LLC | $0 | $140,321 | 4,267 | Willis Towers Watson |
| Hopebridge, LLC | $0 | $517,497 | 3,779 | Steele Ins. & Fincl. SVCS, Inc. |
| Openlane, Inc. | $0 | $101,770 | 2,008 | Gallagher |
| Allied Solutions LLC | $0 | $210,863 | 1,443 | — |
| Midcontinent Independent System Operator, Inc. | $0 | $295,603 | 1,070 | James R. Nelligan & Associates |
| TC Heartland LLC | $0 | $210,395 | 949 | Shepherd Insurance, LLC |
| Pedcor Management Corporation | $0 | $49,505 | 845 | First Person, Inc |
| Aaag Holdings, Inc. | $0 | $122,746 | 833 | Gallagher |
| Bierman Aba, Inc. | $0 | $103,620 | 724 | American Healthcare Group, Inc. |
| Telamon Corporation | $0 | $62,277 | 516 | H. Engage, Inc. |
| Youth Opportunity Investments, LLC | $0 | $67,027 | 462 | The James B Oswald Company |
| Blue & Co., LLC | $0 | $139,503 | 429 | Stealth Partner Group |
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 Carmel employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Hylant | $406,462 | 5 |
| Shepherd Insurance LLC | $329,514 | 4 |
| American Healthcare Group, Inc. | $268,175 | 4 |
| Locascio Hadden & Dennis LLC | $238,189 | 5 |
| Gallagher | $237,289 | 3 |
| Sandeep Singh Sikand | $194,194 | 1 |
| Lockton | $168,160 | 1 |
| Steele Ins. & Fincl. SVCS, Inc. | $165,959 | 1 |
| First Person, Inc | $148,600 | 3 |
| Willis Towers Watson | $145,544 | 2 |
Largest medical carriers
Medical premium written for these employers.
Carmel against Indiana 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.
| Carmel | Indiana | United States | |
|---|---|---|---|
| Employer plans | 45 | 1,155 | 58,547 |
| Median commission rate | n/a | 4.9% | 3.8% |
| Middle half of rates | n/a | 3.0% – 8.6% | 2.7% – 5.0% |
| Median broker pay per employer | $60,845 | $48,384 | $72,628 |
| Medical premium per covered person | n/a | n/a | $7,274 |
| Plans reporting no commission | 0 | 6 | 933 |
Year over year. In plan year 2023, 41 Carmel employers reported $3.7M in premiums and $3.8M in broker pay for 27,540 participants; in 2024 it was $4.5M and $4.0M for 29,255 participants (premiums +22.1%, broker pay +5.4%).
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 Carmel employers pay health insurance brokers?
45 Carmel employers reported $4,049,757 in broker commissions and fees on their 2024 Form 5500 filings, 44 of them disclosing at least some compensation. Too few fully insured medical plans in Carmel reported premium to compute a stable commission rate; the Indiana median is 4.9% and the U.S. median is 3.8%. In dollars, the median Carmel employer that disclosed broker pay reported $60,845.
Which Carmel employers have the largest health plans?
By insurance premium reported for 2024, Cno Services LLC ($1.7M), Zotec Partners, LLC ($671,497), Schwarz Partners, LP ($486,964) lead. 25 Carmel employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Carmel?
By compensation reported by Carmel employers, the largest brokers are Hylant ($406,462, 5 plans), Shepherd Insurance LLC ($329,514, 4 plans), American Healthcare Group, Inc. ($268,175, 4 plans). By medical premium, the largest carriers are Hawaii Medical Service Association, Anthem Insurance Companies, Inc., Unitedhealthcare Insurance Company.
Are Carmel employer health plans self-funded or fully insured?
Of 45 Carmel employer plans, 9 are fully insured, 27 are self-funded and 9 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 Indiana
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