Hanover, Maryland employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
23 employers in Hanover, Maryland filed health plans with 100 or more participants for plan year 2024, covering 63,363 participants. They reported $3.8M in insurance premiums and $6.6M in broker commissions and fees. Against 2023, premiums were up 23.0% and broker pay rose 6.0%.
Funding: 8 fully insured · 7 self-funded · 8 mixed. 15 of 23 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Hanover
Hanover employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Keller Management Services, LLC | $2,949,768 | $219,636 | 2,894 | The Meltzer Group |
| Power Component Systems, Inc. | $666,074 | $65,086 | 117 | Howard W Phillips Co |
| Adfinitas Management, LLC | $225,262 | $91,297 | 275 | Kelly & Associates Insurance Group |
| Allegis Group, Inc. | $0 | $3,688,689 | 48,936 | Kelly & Associates Insurance Group |
| Pratt Street HC Management, Inc. | $0 | $168,292 | 3,273 | CBIZ |
| Ciena Corporation | $0 | $182,338 | 1,718 | Mercer |
| DTLR, Inc. | $0 | $21,300 | 1,091 | James R. Nelligan & Assoicates, LLC |
| Bfpe International | $0 | $131,909 | 954 | Meltzer Group Inc |
| Misfits Market | $0 | $319,700 | 767 | Creative Benefits Inc |
| Arcadis Inc. | $0 | $93,745 | 442 | Corporate Synergies |
| Dragos, Inc. | $0 | $132,342 | 421 | Meltzer Group Inc |
| Maryland Primary Care Physicians, LLC | $0 | $113,017 | 356 | Simmonds, John H |
| International Union of Painters and Allied Trades | $0 | $193,435 | 302 | USI Insurance Services |
| Phillips Corporation | $0 | $308,035 | 289 | Lockton |
| The Maryland Management Company | $0 | $180,338 | 249 | The Hilb Group of Maryland LLC |
| Rhee Brothers, Inc. | $0 | $42,641 | 231 | Gallagher |
| Agency Holding Company of Maryland, Inc. | $0 | $71,223 | 206 | Kelly & Associates Ins Group Inc |
| Eccalon LLC | $0 | $171,782 | 205 | Kelly & Associates Insurance Group |
| Ops Consulting, LLC | $0 | $103,590 | 168 | Meltzer Group Inc |
| Correct RX Pharmacy Services, Inc. | $0 | $34,152 | 136 | Capital Services Inc |
| Amg Holdco Iv, LLC | $0 | $171,810 | 129 | Marsh McLennan Agency |
| One Call Concepts Locating Services, Inc | $0 | $7,846 | 102 | Marsh McLennan Agency |
| Alliance Technology Group, LLC | $0 | $85,740 | 102 | CBIZ |
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 Hanover employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Kelly & Associates Insurance Group | $3,615,898 | 3 |
| The Meltzer Group Inc | $544,626 | 4 |
| Sf&C Select Benefits Comm Group | $330,405 | 1 |
| Lockton | $308,035 | 1 |
| CBIZ | $254,032 | 2 |
| Marsh McLennan Agency | $206,397 | 3 |
| The Hilb Group of Maryland LLC | $180,338 | 2 |
| Creative Benefits Inc | $173,096 | 1 |
| USI Insurance Services | $137,790 | 2 |
| Simmonds, John H | $102,695 | 1 |
Largest medical carriers
Medical premium written for these employers.
Hanover against Maryland 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.
| Hanover | Maryland | United States | |
|---|---|---|---|
| Employer plans | 23 | 1,084 | 58,547 |
| Median commission rate | n/a | 5.5% | 3.8% |
| Middle half of rates | n/a | 3.9% – 8.1% | 2.7% – 5.0% |
| Median broker pay per employer | $131,909 | $77,915 | $72,628 |
| Medical premium per covered person | n/a | $7,401 | $7,274 |
| Plans reporting no commission | 0 | 12 | 933 |
Year over year. In plan year 2023, 21 Hanover employers reported $3.1M in premiums and $6.2M in broker pay for 68,501 participants; in 2024 it was $3.8M and $6.6M for 63,363 participants (premiums +23.0%, broker pay +6.0%).
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 Hanover employers pay health insurance brokers?
23 Hanover employers reported $6,597,943 in broker commissions and fees on their 2024 Form 5500 filings, 23 of them disclosing at least some compensation. Too few fully insured medical plans in Hanover reported premium to compute a stable commission rate; the Maryland median is 5.5% and the U.S. median is 3.8%. In dollars, the median Hanover employer that disclosed broker pay reported $131,909.
Which Hanover employers have the largest health plans?
By insurance premium reported for 2024, Keller Management Services, LLC ($2.9M), Power Component Systems, Inc. ($666,074), Adfinitas Management, LLC ($225,262) lead. 23 Hanover employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Hanover?
By compensation reported by Hanover employers, the largest brokers are Kelly & Associates Insurance Group ($3.6M, 3 plans), The Meltzer Group Inc ($544,626, 4 plans), Sf&C Select Benefits Comm Group ($330,405, 1 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Unitedhealthcare Insurance Company, Kaiser Foundation Health Plan, Inc..
Are Hanover employer health plans self-funded or fully insured?
Of 23 Hanover employer plans, 8 are fully insured, 7 are self-funded and 8 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 Maryland
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