Norwood, Massachusetts employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
16 employers in Norwood, Massachusetts filed health plans with 100 or more participants for plan year 2024, covering 8,024 participants. They reported $22M in insurance premiums and $1.4M in broker commissions and fees. Against 2023, premiums were down 16.0% and broker pay fell 0.9%.
Funding: 6 fully insured · 6 self-funded · 4 mixed. 10 of 16 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Norwood
Norwood employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| LCB Senior Living, LLC | $14,278,447 | $283,161 | 2,024 | FMG Financial Services |
| National Amusements, Inc. | $4,601,050 | $93,606 | 249 | CBIZ |
| Reliable Respiratory, Inc. | $1,828,137 | $63,163 | 181 | Brown & Brown |
| Rehabilitation Associates , Inc. | $1,503,164 | $64,101 | 195 | Brown & Brown |
| Gza Geoenvironmental, Inc. | $124,922 | $23,059 | 576 | Marsh McLennan Agency |
| DCD Automotive Holdings, Inc. | $0 | $180,912 | 1,444 | OneDigital |
| Health & Welfare Trust FD IUOE Local 877 & 70 | $0 | $27,282 | 815 | The Hilb Group of New England LLC |
| Enterprise Associates, LLC | $0 | $22,765 | 522 | Lockton |
| Home Market Foods | $0 | $18,630 | 521 | USI Insurance Services |
| M.S. Walker, Inc. | $0 | $266,858 | 513 | Risk Strategies Company |
| Source Code Holdings, LLC | $0 | $39,295 | 268 | Cross Insurance |
| Hallkeen Management, Inc. | $0 | $80,262 | 213 | Baystate Benefit Services |
| Subaru of New England, Inc. | $0 | $94,998 | 157 | Brown & Brown |
| Cramer Production Company Inc | $0 | $5,609 | 125 | Boston Benefit Partners an Alera |
| Rab Aggregator LLC, d/b/a Amplix | $0 | $60,713 | 121 | NFP |
| Central Motors Inc. of Norwood | $0 | $43,857 | 100 | Gallagher |
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 Norwood employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| FMG Financial Services | $238,665 | 1 |
| Brown & Brown | $189,489 | 3 |
| OneDigital | $177,083 | 1 |
| Risk Strategies Company | $148,537 | 1 |
| Cross Insurance | $99,439 | 2 |
| CBIZ | $93,447 | 1 |
| Baystate Benefit Services | $70,979 | 1 |
| Indigo Insurance Services | $51,725 | 2 |
| Gallagher | $49,555 | 2 |
| NFP | $42,794 | 1 |
Largest medical carriers
Medical premium written for these employers.
Norwood 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.
| Norwood | Massachusetts | United States | |
|---|---|---|---|
| Employer plans | 16 | 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 | $61,938 | $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, 16 Norwood employers reported $27M in premiums and $1.4M in broker pay for 7,035 participants; in 2024 it was $22M and $1.4M for 8,024 participants (premiums −16.0%, broker pay −0.9%).
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 Norwood employers pay health insurance brokers?
16 Norwood employers reported $1,368,271 in broker commissions and fees on their 2024 Form 5500 filings, 16 of them disclosing at least some compensation. Too few fully insured medical plans in Norwood 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 Norwood employer that disclosed broker pay reported $61,938.
Which Norwood employers have the largest health plans?
By insurance premium reported for 2024, LCB Senior Living, LLC ($14M), National Amusements, Inc. ($4.6M), Reliable Respiratory, Inc. ($1.8M) lead. 16 Norwood employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Norwood?
By compensation reported by Norwood employers, the largest brokers are FMG Financial Services ($238,665, 1 plans), Brown & Brown ($189,489, 3 plans), OneDigital ($177,083, 1 plans). By medical premium, the largest carriers are Blue Cross Blue Shield of Massachusetts, Inc., Unitedhealthcare Insurance Company, HPHC Joint Venture Uhg.
Are Norwood employer health plans self-funded or fully insured?
Of 16 Norwood employer plans, 6 are fully insured, 6 are self-funded and 4 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
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