Waltham, Massachusetts employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
80 employers in Waltham, Massachusetts filed health plans with 100 or more participants for plan year 2024, covering 123,132 participants. They reported $235M in insurance premiums and $14M in broker commissions and fees. The median broker rate on commission-paying, fully insured medical plans was 2.3% of premium, against 2.5% across Massachusetts and 3.8% nationally. Against 2023, premiums were down 7.5% and broker pay fell 5.6%.
Funding: 13 fully insured · 15 self-funded · 52 mixed. 67 of 80 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Waltham
Waltham employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Alkermes Inc. | $40,004,538 | $308,463 | 1,707 | The Segal Company (eastern States) |
| Commonwealth Equity Services, LLC | $25,734,491 | $951,221 | 1,614 | Brown & Brown |
| Imprivata, Inc. | $13,355,105 | $282,335 | 829 | Aon |
| Boston Dynamics | $12,055,619 | $213,243 | 751 | Fred C. Church Inc. |
| Massachusetts Medical Society | $11,229,764 | $234,114 | 465 | Willis Towers Watson |
| Simpson Gumpertz & Heger Inc. | $10,390,644 | $414,378 | 687 | Jennifer A. Borislow Ins Agency Inc |
| Education Development Center, Inc. | $10,363,116 | $318,390 | 596 | Jennifer A. Borislow Ins Agency Inc |
| Elevatebio LLC | $8,037,553 | $171,960 | 459 | IMA Financial |
| Trinity Partners, LLC. | $7,911,564 | $179,655 | 605 | Marsh McLennan Agency |
| Welch Foods, Inc., a Cooperative | $7,898,425 | $43,491 | 791 | USI Insurance Services |
| Deciphera Pharmaceuticals, LLC | $7,467,154 | $237,415 | 332 | Gallagher |
| 42 North Dental | $7,060,463 | $185,099 | 927 | Mercer |
| Veterans Transportation, LLC | $7,051,999 | $357,573 | 1,170 | Jennifer A. Borislow Ins Agency Inc |
| Evident Scientific, Inc. | $6,451,503 | $5,883 | 735 | Willis Towers Watson |
| Bivf Management Services, LLC | $6,242,423 | $234,279 | 399 | Hilb Group of New England |
| Netcracker Technology Corporation | $5,504,633 | $245,263 | 337 | Marsh McLennan Agency |
| New England Donor Services | $5,355,699 | $132,019 | 292 | IMA Financial |
| Epoch Senior Living, LLC | $5,205,772 | $177,231 | 664 | Brown & Brown |
| Callminer, Inc. | $3,781,052 | $152,276 | 244 | Gallagher |
| Dyne Therapeutics Inc | $3,512,873 | $73,211 | 135 | Bennie Insurance, LLC |
| Salary.Com, LLC | $3,043,816 | $207,150 | 211 | Brown & Brown |
| BTC Mobility, LLC | $2,922,434 | $86,089 | 192 | Gallagher |
| Innoviva Specialty Therapeutics Inc. | $2,846,795 | $75,093 | 105 | Cross Insurance |
| Fortress Biotech Inc | $2,624,775 | $66,119 | 176 | HP Planning, LLC |
| Intepros Incorporated, Inc. | $2,342,835 | $110,949 | 201 | MFM Advisors 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 Waltham employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Brown & Brown | $1,947,030 | 12 |
| Mercer | $1,052,538 | 6 |
| Jennifer A. Borislow Ins Agency Inc | $1,024,413 | 3 |
| Gallagher | $1,010,809 | 10 |
| Aon | $823,360 | 5 |
| Lockton | $738,382 | 4 |
| Willis Towers Watson | $606,361 | 6 |
| Marsh McLennan Agency | $547,600 | 7 |
| Custom Benefits Prog Inc an Aon Co | $532,539 | 1 |
| IMA Financial | $410,806 | 5 |
Largest medical carriers
Medical premium written for these employers.
Waltham 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.
| Waltham | Massachusetts | United States | |
|---|---|---|---|
| Employer plans | 80 | 1,864 | 58,547 |
| Median commission rate | 2.3% (25 plans) | 2.5% | 3.8% |
| Middle half of rates | 1.8% – 2.9% | 2.0% – 3.2% | 2.7% – 5.0% |
| Median broker pay per employer | $109,256 | $75,078 | $72,628 |
| Medical premium per covered person | $8,067 | $8,072 | $7,274 |
| Plans reporting no commission | 3 | 18 | 933 |
Year over year. In plan year 2023, 88 Waltham employers reported $254M in premiums and $15M in broker pay for 116,853 participants; in 2024 it was $235M and $14M for 123,132 participants (premiums −7.5%, broker pay −5.6%).
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 Waltham employers pay health insurance brokers?
80 Waltham employers reported $14,118,541 in broker commissions and fees on their 2024 Form 5500 filings, 80 of them disclosing at least some compensation. Among 25 commission-paying, fully insured medical plans, the median broker rate was 2.3% of premium, 0.3 points below the Massachusetts median of 2.5% and 1.5 points below the U.S. median of 3.8%. In dollars, the median Waltham employer that disclosed broker pay reported $109,256.
Which Waltham employers have the largest health plans?
By insurance premium reported for 2024, Alkermes Inc. ($40M), Commonwealth Equity Services, LLC ($26M), Imprivata, Inc. ($13M) lead. 25 Waltham employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Waltham?
By compensation reported by Waltham employers, the largest brokers are Brown & Brown ($1.9M, 12 plans), Mercer ($1.1M, 6 plans), Jennifer A. Borislow Ins Agency Inc ($1.0M, 3 plans). By medical premium, the largest carriers are Blue Cross Blue Shield of Massachusetts, Inc., Cigna Health and Life Insurance Company, Health New England, Inc..
Are Waltham employer health plans self-funded or fully insured?
Of 80 Waltham employer plans, 13 are fully insured, 15 are self-funded and 52 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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