Woburn, Massachusetts employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
27 employers in Woburn, Massachusetts filed health plans with 100 or more participants for plan year 2024, covering 8,463 participants. They reported $35M in insurance premiums and $2.4M 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 up 17.2% and broker pay rose 34.7%.
Funding: 5 fully insured · 4 self-funded · 18 mixed. 22 of 27 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Woburn
Woburn employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Azurity Pharmaceuticals, Inc. | $6,775,863 | $218,877 | 545 | Aon |
| Replimune Inc | $5,522,821 | $168,230 | 298 | Marsh McLennan Agency |
| Sirtex Medical, Inc. | $4,812,125 | $104,567 | 203 | Gallagher |
| Northern Bank & Trust Company | $3,754,260 | $108,801 | 240 | HP Planning, LLC |
| Monotype Imaging, Inc. | $3,382,817 | $144,041 | 280 | Mercer |
| The Dolben Company, Inc. | $2,834,184 | $110,710 | 413 | Lockton |
| Greene Rubber | $2,434,479 | $55,271 | 129 | Gallagher |
| Nupath, Inc. | $2,243,274 | $55,545 | 232 | Kenneth M Lefebvre |
| PPC Event Services, Inc. | $1,759,908 | $85,248 | 281 | HUB International |
| Bioprocure, LLC. | $1,590,191 | $76,396 | 181 | RSC Ins Brokerage Inc |
| Kamco Supply Corp of Boston | $204,060 | $53,080 | 314 | Indigo Insurance Services |
| Kraft Power Corporation | $83,321 | $105,329 | 207 | Risk Strategies Company |
| Timepayment Corp | $62,842 | $93,148 | 210 | NFP |
| The Savings Bank Mutual Life Insurance Company of Massachusetts | $19,160 | $10,438 | 185 | The Protector Group Insurance |
| Gei Consultants, Inc. | $0 | $39,617 | 964 | Willis Towers Watson |
| Next Step Healthcare LLC | $0 | $91,691 | 768 | National Benefits Group of Ame |
| Systems & Technology Research | $0 | $229,710 | 704 | Lockton |
| 3step Sports LLC | $0 | $16,287 | 678 | Willis Towers Watson |
| Woburn Foreign Motors, Inc. | $0 | $59,790 | 437 | The Baldwin Group |
| Houseworks, LLC | $0 | $238,673 | 264 | Lockton |
| Cummings Properties LLC | $0 | $87,333 | 206 | USI Insurance Services |
| Aptima, Inc. | $0 | $65,213 | 156 | Sentinel Insurance Agency, Inc. |
| Factorial Inc | $0 | $11,672 | 133 | Cross Insurance |
| Excel Orthopaedic Specialists, Inc. | $0 | $40,504 | 122 | OneDigital |
| Reveneer, Inc. | $0 | $42,635 | 108 | Hilb Group of New England |
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 Woburn employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Lockton | $502,869 | 3 |
| Gallagher | $160,653 | 3 |
| Indigo Insurance Services | $150,518 | 7 |
| Mercer | $144,040 | 1 |
| Marsh McLennan Agency | $140,052 | 3 |
| Aon | $124,997 | 1 |
| NFP | $109,480 | 2 |
| HP Planning LLC | $93,004 | 2 |
| Risk Strategies Company | $87,158 | 1 |
| HUB International | $83,316 | 2 |
Largest medical carriers
Medical premium written for these employers.
Woburn 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.
| Woburn | Massachusetts | United States | |
|---|---|---|---|
| Employer plans | 27 | 1,864 | 58,547 |
| Median commission rate | 2.3% (10 plans) | 2.5% | 3.8% |
| Middle half of rates | 1.8% – 3.2% | 2.0% – 3.2% | 2.7% – 5.0% |
| Median broker pay per employer | $76,396 | $75,078 | $72,628 |
| Medical premium per covered person | $7,567 | $8,072 | $7,274 |
| Plans reporting no commission | 0 | 18 | 933 |
Year over year. In plan year 2023, 24 Woburn employers reported $30M in premiums and $1.8M in broker pay for 7,892 participants; in 2024 it was $35M and $2.4M for 8,463 participants (premiums +17.2%, broker pay +34.7%).
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 Woburn employers pay health insurance brokers?
27 Woburn employers reported $2,429,597 in broker commissions and fees on their 2024 Form 5500 filings, 27 of them disclosing at least some compensation. Among 10 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 Woburn employer that disclosed broker pay reported $76,396.
Which Woburn employers have the largest health plans?
By insurance premium reported for 2024, Azurity Pharmaceuticals, Inc. ($6.8M), Replimune Inc ($5.5M), Sirtex Medical, Inc. ($4.8M) lead. 25 Woburn employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Woburn?
By compensation reported by Woburn employers, the largest brokers are Lockton ($502,869, 3 plans), Gallagher ($160,653, 3 plans), Indigo Insurance Services ($150,518, 7 plans). By medical premium, the largest carriers are Blue Cross Blue Shield of Massachusetts, Inc., Unitedhealthcare Insurance Company, Tufts Associated Health Maintenance Organization, Inc..
Are Woburn employer health plans self-funded or fully insured?
Of 27 Woburn employer plans, 5 are fully insured, 4 are self-funded and 18 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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