Somerville, Massachusetts employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
18 employers in Somerville, Massachusetts filed health plans with 100 or more participants for plan year 2024, covering 80,481 participants. They reported $43M in insurance premiums and $3.0M in broker commissions and fees. Against 2023, premiums were up 83.0% and broker pay rose 13.7%.
Funding: 0 fully insured · 4 self-funded · 14 mixed. 18 of 18 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Somerville
Somerville employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Form Energy, Inc. | $8,879,828 | $378,073 | 679 | Jennifer A. Borislow Ins Agency Inc |
| Recorded Future | $6,830,091 | $242,504 | 607 | Brown & Brown |
| Bluebird Bio, Inc. | $6,395,770 | $311,570 | 399 | Gallagher |
| Generate Biomedicines | $4,763,677 | $150,895 | 281 | Marsh McLennan Agency |
| Smartbear Software Inc | $4,115,985 | $133,038 | 311 | OneDigital |
| Tessera Therapeutics, Inc. | $4,053,326 | $137,448 | 351 | Marsh McLennan Agency |
| Velir Studios, LLC | $2,662,617 | $64,140 | 214 | Marsh McLennan Agency |
| Tulip Interfaces | $2,094,694 | $62,452 | 312 | Newfront Insurance Services, LLC |
| Podimetrics | $1,913,173 | $121,665 | 165 | George W. Blaisdell |
| Rogers Foam Corporation | $1,624,304 | $106,919 | 683 | Fidelity Health Insurance Services |
| Mass General Brigham Incorporated | $0 | $762,122 | 73,268 | Willis Towers Watson |
| Puma North America, Inc. | $0 | $91,622 | 1,094 | Willis Towers Watson |
| Triumvirate Environmental Inc. | $0 | $34,603 | 624 | USI Insurance Services |
| Actblue | $0 | $131,831 | 555 | Brown & Brown |
| Formlabs, Inc. | $0 | $11,571 | 488 | RSC Insurance Brokerage, Inc. |
| Cataldo Ambulance Service, Inc. | $0 | $94,827 | 194 | HUB International |
| Somerville-Cambridge Elder Services | $0 | $44,124 | 129 | Gallagher |
| Candlewick Press, Inc. | $0 | $70,655 | 127 | Hubinternational New England 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 Somerville employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Willis Towers Watson | $673,626 | 2 |
| Gallagher | $345,855 | 2 |
| Jennifer A. Borislow Ins Agency Inc | $337,217 | 2 |
| Marsh McLennan Agency | $333,257 | 3 |
| Brown & Brown | $276,435 | 2 |
| Corestream | $143,077 | 1 |
| OneDigital | $127,532 | 1 |
| George W Blaisdell | $109,052 | 1 |
| Fidelity Health Insurance Services | $106,919 | 1 |
| Hays Companies | $68,805 | 2 |
Largest medical carriers
Medical premium written for these employers.
Somerville 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.
| Somerville | Massachusetts | United States | |
|---|---|---|---|
| Employer plans | 18 | 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 | $114,292 | $75,078 | $72,628 |
| Medical premium per covered person | $6,896 | $8,072 | $7,274 |
| Plans reporting no commission | 0 | 18 | 933 |
Year over year. In plan year 2023, 21 Somerville employers reported $24M in premiums and $2.6M in broker pay for 78,415 participants; in 2024 it was $43M and $3.0M for 80,481 participants (premiums +83.0%, broker pay +13.7%).
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 Somerville employers pay health insurance brokers?
18 Somerville employers reported $2,950,059 in broker commissions and fees on their 2024 Form 5500 filings, 18 of them disclosing at least some compensation. Too few fully insured medical plans in Somerville 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 Somerville employer that disclosed broker pay reported $114,292.
Which Somerville employers have the largest health plans?
By insurance premium reported for 2024, Form Energy, Inc. ($8.9M), Recorded Future ($6.8M), Bluebird Bio, Inc. ($6.4M) lead. 18 Somerville employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Somerville?
By compensation reported by Somerville employers, the largest brokers are Willis Towers Watson ($673,626, 2 plans), Gallagher ($345,855, 2 plans), Jennifer A. Borislow Ins Agency Inc ($337,217, 2 plans). By medical premium, the largest carriers are Blue Cross Blue Shield of Massachusetts, Inc., Cigna Health and Life Insurance Company, Kaiser Foundation Health Plan, Inc..
Are Somerville employer health plans self-funded or fully insured?
Of 18 Somerville employer plans, 0 are fully insured, 4 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
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