Hunt Valley, Maryland employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
20 employers in Hunt Valley, Maryland filed health plans with 100 or more participants for plan year 2024, covering 24,252 participants. They reported $3.0M in insurance premiums and $1.8M in broker commissions and fees. Against 2023, premiums were up 35598.9% and broker pay rose 20.6%.
Funding: 7 fully insured · 6 self-funded · 7 mixed. 13 of 20 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Hunt Valley
Hunt Valley employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Riggs, Counselman, Michaels & Downes | $3,005,960 | — | 218 | — |
| Atradius Trade Credit Insurance, Inc. | $8,813 | $148,897 | 133 | Marsh McLennan Agency |
| McCormick & Company, Inc | $0 | $138,214 | 17,563 | Marsh McLennan Agency |
| Johnson, Mirmiran & Thompson, Inc. | $0 | $70,389 | 1,998 | USI Insurance Services |
| Ea Engineering, Science, and Technology, Inc., PBC | $0 | $109,391 | 666 | The Hilb Group of Maryland LLC |
| American Medical Staffing | $0 | $131,220 | 482 | USI Insurance Services |
| Tessco Technologies Incorporated | $0 | $179,004 | 470 | Aon |
| Century Engineering, Inc. | $0 | — | 348 | — |
| Richcroft, Inc. | $0 | $100,389 | 330 | Capital Services Inc |
| Trend Health Partners, LLC | $0 | $412,415 | 311 | William Spence |
| Apartment Services, Inc. | $0 | $97,500 | 308 | Simmonds, John H |
| Hill Management Services, Inc. | $0 | $62,262 | 194 | John H Simmonds |
| Wallace Montgomery & Associates, LLP | $0 | $3,306 | 192 | USI Insurance Services |
| Publishers Circulation Fulfillment, Inc. | $0 | $12,206 | 186 | Kelly and Associates Ins Group Inc |
| Brawner Builders, Inc. | $0 | $24,670 | 168 | — |
| Millman Multimedia | $0 | $49,416 | 165 | Kelly & Associates Insurance Group |
| Direct Mortgage Loans, LLC | $0 | $43,681 | 165 | The Hilb Group of Maryland |
| Point Breeze Credit Union | $0 | $93,873 | 134 | The Hilb Group of Maryland LLC |
| Master Security Company, LLC | $0 | $53,111 | 114 | Fce Benefit Administrators, Inc |
| NMP Engineering Consultants, Inc. | $0 | $65,651 | 107 | Benefit Watch 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 Hunt Valley employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| The Hilb Group of Maryland LLC | $300,764 | 5 |
| Marsh McLennan Agency | $248,598 | 2 |
| William Spence | $211,296 | 1 |
| USI Insurance Services | $207,906 | 4 |
| Aon | $126,996 | 1 |
| Advocate, Inc. | $92,527 | 1 |
| Simmonds, John H | $86,511 | 1 |
| Capital Services Inc | $80,826 | 1 |
| Benefit Watch LLC | $55,718 | 1 |
| John H Simmonds | $55,004 | 1 |
Largest medical carriers
Medical premium written for these employers.
Hunt Valley 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.
| Hunt Valley | Maryland | United States | |
|---|---|---|---|
| Employer plans | 20 | 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 | $82,131 | $77,915 | $72,628 |
| Medical premium per covered person | n/a | $7,401 | $7,274 |
| Plans reporting no commission | 1 | 12 | 933 |
Year over year. In plan year 2023, 20 Hunt Valley employers reported $8,445 in premiums and $1.5M in broker pay for 10,825 participants; in 2024 it was $3.0M and $1.8M for 24,252 participants (premiums +35598.9%, broker pay +20.6%).
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 Hunt Valley employers pay health insurance brokers?
20 Hunt Valley employers reported $1,795,595 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 Hunt Valley 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 Hunt Valley employer that disclosed broker pay reported $82,131.
Which Hunt Valley employers have the largest health plans?
By insurance premium reported for 2024, Riggs, Counselman, Michaels & Downes ($3.0M), Atradius Trade Credit Insurance, Inc. ($8,813), McCormick & Company, Inc ($0) lead. 20 Hunt Valley employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Hunt Valley?
By compensation reported by Hunt Valley employers, the largest brokers are The Hilb Group of Maryland LLC ($300,764, 5 plans), Marsh McLennan Agency ($248,598, 2 plans), William Spence ($211,296, 1 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Four Ever Life Ins Co., Unitedhealthcare Insurance Company.
Are Hunt Valley employer health plans self-funded or fully insured?
Of 20 Hunt Valley employer plans, 7 are fully insured, 6 are self-funded and 7 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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