Covington, Kentucky employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
15 employers in Covington, Kentucky filed health plans with 100 or more participants for plan year 2024, covering 6,813 participants. They reported $3.7M in insurance premiums and $1.1M in broker commissions and fees. Against 2023, premiums were up 15.3% and broker pay rose 27.2%.
Funding: 5 fully insured · 8 self-funded · 2 mixed. 10 of 15 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Covington
Covington employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Pro Mach, Inc. | $2,067,613 | $306,094 | 2,964 | Havens & Company Inc |
| HR Plus, LLC | $1,180,093 | $92,396 | 125 | Clinton W. Anderson |
| Commonwealth Hotels, LLC | $209,964 | $73,140 | 1,031 | USI Insurance Services |
| Atkins & Pearce, Inc. | $88,793 | $41,795 | 177 | Corporate Plans, LLC |
| American Sound & Electronics, Inc. | $74,493 | $68,962 | 120 | AssuredPartners |
| Learning Grove | $47,903 | $41,002 | 181 | HUB International |
| Cti Clinical Trial Services, Inc. | $0 | $104,475 | 625 | HUB International |
| Gravity Diagnostics LLC | $0 | $71,201 | 331 | Horan Associates, Inc. |
| Tier1 Performance Solutions, LLC | $0 | — | 264 | — |
| C and B Marine, LLC | $0 | $118,888 | 244 | USI Insurance Services |
| Agave & Rye | $0 | $12,094 | 196 | American Insurnet Agency, Inc. |
| Hilltop Basic Resources, Inc. | $0 | $34,921 | 189 | HUB International |
| Corporex Companies, LLC | $0 | $28,879 | 157 | USI Insurance Services |
| Iofina, Inc. | $0 | $37,985 | 108 | Business Benefits Inc |
| Kenton Housing, Inc. d/b/a Rosedale Manor Nursing Home | $0 | $36,446 | 101 | Layne Financial Inc |
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 Covington employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| USI Insurance Services | $220,885 | 3 |
| HUB International | $150,713 | 5 |
| Havens & Company, Inc. | $143,263 | 1 |
| Terence Havens | $113,422 | 1 |
| Horan Associates Inc. | $83,790 | 3 |
| AssuredPartners | $55,421 | 1 |
| Aegis Risk LLC | $49,409 | 1 |
| Corporate Plans LLC | $42,803 | 2 |
| Business Benefits Group, Inc. | $37,452 | 1 |
| Layne Financial Inc | $27,309 | 1 |
Largest medical carriers
Medical premium written for these employers.
Covington against Kentucky 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.
| Covington | Kentucky | United States | |
|---|---|---|---|
| Employer plans | 15 | 700 | 58,547 |
| Median commission rate | n/a | 3.7% | 3.8% |
| Middle half of rates | n/a | 3.4% – 5.0% | 2.7% – 5.0% |
| Median broker pay per employer | $55,379 | $61,155 | $72,628 |
| Medical premium per covered person | n/a | n/a | $7,274 |
| Plans reporting no commission | 0 | 2 | 933 |
Year over year. In plan year 2023, 14 Covington employers reported $3.2M in premiums and $839,703 in broker pay for 7,015 participants; in 2024 it was $3.7M and $1.1M for 6,813 participants (premiums +15.3%, broker pay +27.2%).
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 Covington employers pay health insurance brokers?
15 Covington employers reported $1,068,278 in broker commissions and fees on their 2024 Form 5500 filings, 14 of them disclosing at least some compensation. Too few fully insured medical plans in Covington reported premium to compute a stable commission rate; the Kentucky median is 3.7% and the U.S. median is 3.8%. In dollars, the median Covington employer that disclosed broker pay reported $55,379.
Which Covington employers have the largest health plans?
By insurance premium reported for 2024, Pro Mach, Inc. ($2.1M), HR Plus, LLC ($1.2M), Commonwealth Hotels, LLC ($209,964) lead. 15 Covington employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Covington?
By compensation reported by Covington employers, the largest brokers are USI Insurance Services ($220,885, 3 plans), HUB International ($150,713, 5 plans), Havens & Company, Inc. ($143,263, 1 plans). By medical premium, the largest carriers are Blue Cross Blue Shield of Michigan, Blue Care Network of Michigan, Anthem Health Plans of KY, Inc. (g1700).
Are Covington employer health plans self-funded or fully insured?
Of 15 Covington employer plans, 5 are fully insured, 8 are self-funded and 2 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 Kentucky
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