Bedford, Massachusetts employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
23 employers in Bedford, Massachusetts filed health plans with 100 or more participants for plan year 2024, covering 23,837 participants. They reported $9.8M in insurance premiums and $3.5M in broker commissions and fees. Against 2023, premiums were down 36.2% and broker pay rose 2.7%.
Funding: 1 fully insured · 8 self-funded · 14 mixed. 22 of 23 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Bedford
Bedford employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Berkshire Grey, Inc. | $5,385,742 | $155,306 | 334 | USI Insurance Services |
| Carleton-Willard Village | $2,419,644 | $78,267 | 193 | Marsh McLennan Agency |
| Thermacell Repellents, Inc. | $1,974,273 | $60,723 | 113 | Apex Benefits Partners, Inc. |
| The Mitre Corporation | $0 | $1,212,220 | 9,931 | Willis Towers Watson |
| F.W. Webb Company | $0 | $230,025 | 3,154 | Jennifer A. Borislow Agency Inc |
| Instrumentation Laboratory Company | $0 | $365,760 | 2,385 | Hilb Group of New England |
| Aspentech Corporation | $0 | $36,562 | 1,848 | Mercer |
| Novanta Corp | $0 | $145,481 | 1,212 | Marsh McLennan Agency |
| Lantheus Medical Imaging, Inc. | $0 | $145,664 | 813 | Marsh McLennan Agency |
| Irobot Corporation | $0 | $24,232 | 786 | Lockton |
| Logixhealth, Inc. | $0 | $55,852 | 540 | HUB International |
| Anika Therapeutics, Inc. | $0 | $167,596 | 321 | IMA Financial |
| Continental Resources, Inc. | $0 | $179,010 | 316 | New England Medical Ins Agency LLC |
| The Edinburg Center | $0 | $108,320 | 283 | Brown & Brown |
| Nashoba Learning Group, Inc. | $0 | $57,474 | 273 | Christopher M. Allen |
| Ocular Therapeutix, Inc | $0 | $110,367 | 267 | Loretta Sherblom dba LHS Benefits |
| New England Life Flight | $0 | $102,041 | 237 | HP Planning LLC |
| Fire Equipment, Inc. | $0 | $63,020 | 213 | RSC Insurance Brokerage |
| Oxford Biomedica (US), LLC | $0 | $54,544 | 144 | R S C Ins Bkge dba Risk Stratagies |
| Medica Corporation | $0 | $38,397 | 143 | Jennifer a Borislow Ins Agency Inc |
| Diversified Technologies, Inc. | $0 | $71,955 | 111 | OneDigital |
| Stoke Therapeutics, Inc. | $0 | $56,593 | 110 | Loretta Ho Sherblom Ins Agency Inc |
| Persimmon Technologies Corporation | $0 | $12,471 | 110 | Pentra LLC |
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 Bedford employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Willis Towers Watson | $1,165,974 | 2 |
| Marsh McLennan Agency | $343,685 | 4 |
| Hilb Group of New England | $276,404 | 1 |
| Jennifer A. Borislow Agency Inc | $212,329 | 1 |
| IMA Financial | $167,030 | 1 |
| USI Insurance Services | $155,306 | 1 |
| New England Medical Ins Agency LLC | $134,918 | 1 |
| Mercer | $121,092 | 2 |
| Brown & Brown | $108,979 | 2 |
| Gallagher | $103,631 | 3 |
Largest medical carriers
Medical premium written for these employers.
Bedford against Massachusetts 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.
| Bedford | Massachusetts | United States | |
|---|---|---|---|
| Employer plans | 23 | 1,864 | 58,547 |
| Median commission rate | n/a | 2.5% | 3.8% |
| Middle half of rates | n/a | 2.0% – 3.2% | 2.7% – 5.0% |
| Median broker pay per employer | $78,267 | $75,078 | $72,628 |
| Medical premium per covered person | n/a | $8,072 | $7,274 |
| Plans reporting no commission | 0 | 18 | 933 |
Year over year. In plan year 2023, 24 Bedford employers reported $15M in premiums and $3.4M in broker pay for 24,376 participants; in 2024 it was $9.8M and $3.5M for 23,837 participants (premiums −36.2%, broker pay +2.7%).
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 Bedford employers pay health insurance brokers?
23 Bedford employers reported $3,531,880 in broker commissions and fees on their 2024 Form 5500 filings, 23 of them disclosing at least some compensation. Too few fully insured medical plans in Bedford reported premium to compute a stable commission rate; the Massachusetts median is 2.5% and the U.S. median is 3.8%. In dollars, the median Bedford employer that disclosed broker pay reported $78,267.
Which Bedford employers have the largest health plans?
By insurance premium reported for 2024, Berkshire Grey, Inc. ($5.4M), Carleton-Willard Village ($2.4M), Thermacell Repellents, Inc. ($2.0M) lead. 23 Bedford employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Bedford?
By compensation reported by Bedford employers, the largest brokers are Willis Towers Watson ($1.2M, 2 plans), Marsh McLennan Agency ($343,685, 4 plans), Hilb Group of New England ($276,404, 1 plans). By medical premium, the largest carriers are Blue Cross Blue Shield of Massachusetts, Inc., Harvard Pilgrim Health Care, Unitedhealthcare Insurance Company.
Are Bedford employer health plans self-funded or fully insured?
Of 23 Bedford employer plans, 1 are fully insured, 8 are self-funded and 14 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 Massachusetts
Is your company on this page? Get its Form 5500 read next to the Bedford, Massachusetts medians.
Tell us the company and a specialist writes up what the public Form 5500 record shows for it, if it files one: broker pay against the medians above, fee disclosure and filing timeliness, in a form you can forward to your CFO or counsel. Tick the box if you also want a 15-minute walkthrough call.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.