Lexington, Massachusetts employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
17 employers in Lexington, Massachusetts filed health plans with 100 or more participants for plan year 2024, covering 4,334 participants. They reported $44M in insurance premiums and $1.4M in broker commissions and fees. Against 2023, premiums were down 18.1% and broker pay fell 8.0%.
Funding: 3 fully insured · 1 self-funded · 13 mixed. 14 of 17 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Lexington
Lexington employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Eliot Community Human Services, Inc. | $20,402,901 | $325,447 | 971 | Marsh McLennan Agency |
| Agenus Inc. | $3,493,429 | $144,690 | 256 | OneDigital |
| Partner Therapeutics, Inc. | $3,288,055 | $87 | 184 | Employee Navigator, LLC |
| Voyager Therapeutics Inc. | $3,099,179 | $87,215 | 163 | Marsh McLennan Agency |
| Keros Therapeutics, Inc. | $2,781,616 | $74,193 | 150 | Marsh McLennan Agency |
| Jamsan Hotel Management | $2,749,169 | $162,960 | 178 | HUB International |
| Valo Health | $2,308,606 | $72,752 | 130 | Marsh McLennan Agency |
| Quantech Services, Inc. | $2,273,766 | $23,213 | 222 | Lockton |
| Unimacts Global, LLC | $1,411,895 | $62,170 | 118 | Hilb Group of New England |
| Mimecast North America, Inc. | $941,650 | $71,220 | 716 | HUB International |
| Signiant, Inc. | $878,717 | $63,233 | 113 | OneDigital |
| Cooperative for Human Services | $0 | $74,467 | 381 | Brown & Brown |
| Uniqure, Inc. | $0 | $59,779 | 250 | The Baldwin Group |
| Symmes Life Care, Inc. | $0 | $65,391 | 148 | Gallagher |
| Cotting School | $0 | $24,583 | 133 | USI Insurance Services |
| Cbset, Inc | $0 | $43,215 | 116 | Acrisure |
| Lexington Eye Associates, Inc | $0 | $79,851 | 105 | USI Insurance Services |
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 Lexington employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Marsh McLennan Agency | $561,514 | 5 |
| HUB International | $198,034 | 2 |
| OneDigital | $197,580 | 2 |
| Brown & Brown | $74,467 | 1 |
| Gallagher | $65,391 | 2 |
| The Baldwin Group | $59,778 | 1 |
| Hilb Group of New England | $57,629 | 1 |
| USI Insurance Services | $42,163 | 2 |
| Acrisure | $40,140 | 1 |
| Lockton | $23,213 | 1 |
Largest medical carriers
Medical premium written for these employers.
Lexington 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.
| Lexington | Massachusetts | United States | |
|---|---|---|---|
| Employer plans | 17 | 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 | $71,220 | $75,078 | $72,628 |
| Medical premium per covered person | $8,757 | $8,072 | $7,274 |
| Plans reporting no commission | 2 | 18 | 933 |
Year over year. In plan year 2023, 18 Lexington employers reported $53M in premiums and $1.6M in broker pay for 4,411 participants; in 2024 it was $44M and $1.4M for 4,334 participants (premiums −18.1%, broker pay −8.0%).
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 Lexington employers pay health insurance brokers?
17 Lexington employers reported $1,434,466 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 Lexington 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 Lexington employer that disclosed broker pay reported $71,220.
Which Lexington employers have the largest health plans?
By insurance premium reported for 2024, Eliot Community Human Services, Inc. ($20M), Agenus Inc. ($3.5M), Partner Therapeutics, Inc. ($3.3M) lead. 17 Lexington employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Lexington?
By compensation reported by Lexington employers, the largest brokers are Marsh McLennan Agency ($561,514, 5 plans), HUB International ($198,034, 2 plans), OneDigital ($197,580, 2 plans). By medical premium, the largest carriers are Blue Cross Blue Shield of Massachusetts, Inc., Cigna Health and Life Insurance Company, Tufts Health Plan.
Are Lexington employer health plans self-funded or fully insured?
Of 17 Lexington employer plans, 3 are fully insured, 1 are self-funded and 13 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 Lexington, 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.