Towson, Maryland employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
15 employers in Towson, Maryland filed health plans with 100 or more participants for plan year 2024, covering 14,887 participants. They reported $161,984 in insurance premiums and $1.7M in broker commissions and fees. Against 2023, premiums were up 23.1% and broker pay rose 45.7%.
Funding: 2 fully insured · 5 self-funded · 8 mixed. 13 of 15 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Towson
Towson employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Sheppard Pratt Health System | $161,984 | $36,696 | 3,425 | Allegeant |
| Atlantic Automotive Corp. | $0 | $97,335 | 3,123 | Alliant Insurance Services |
| The Y in Central Maryland | $0 | $353,817 | 2,438 | The L Warner Companies Inc |
| Greater Baltimore Medical Center | $0 | $462,221 | 2,235 | Willis Towers Watson |
| World Relief | $0 | $104,603 | 1,142 | Corporate Synergies |
| Remedi Seniorcare Holding Corporation | $0 | $69,852 | 1,022 | Mercer |
| Fila USA, Inc. | $0 | $37,305 | 248 | David J. McClellan |
| Curio Holdings, LLC | $0 | $27,469 | 248 | HUB International |
| Chesapeake Employers Insurance Company | $0 | $44,344 | 242 | Amwins Connect Administrators Inc |
| One Physics | $0 | $37,532 | 183 | USI Insurance Services |
| KLNB LLC | $0 | $29,710 | 140 | The Hilb Group of Maryland LLC |
| Clinical Associates, P.A. | $0 | $59,159 | 132 | Riggs Counselman Michaels & Downes |
| Abilities Network | $0 | $52,802 | 108 | Capital Services Inc |
| The Chestnut Partnership | $0 | $112,102 | 101 | Willis Towers Watson |
| Callrevu, LLC | $0 | $152,833 | 100 | Tribridge Partners, 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 Towson employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Willis Towers Watson | $590,430 | 3 |
| The L Warner Companies Inc | $353,817 | 1 |
| Corporate Synergies | $104,407 | 1 |
| Alliant Insurance Services | $97,335 | 1 |
| Tribridge Partners LLC | $65,360 | 1 |
| Mercer | $61,355 | 1 |
| Gallagher | $58,427 | 1 |
| Capital Services Inc | $54,350 | 2 |
| Amwins Connect Administrators Inc | $44,344 | 1 |
| Riggs Counselman Michaels & Downes | $38,339 | 1 |
Largest medical carriers
Medical premium written for these employers.
Towson 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.
| Towson | Maryland | United States | |
|---|---|---|---|
| Employer plans | 15 | 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 | $59,159 | $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, 13 Towson employers reported $131,610 in premiums and $1.2M in broker pay for 14,994 participants; in 2024 it was $161,984 and $1.7M for 14,887 participants (premiums +23.1%, broker pay +45.7%).
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 Towson employers pay health insurance brokers?
15 Towson employers reported $1,677,780 in broker commissions and fees on their 2024 Form 5500 filings, 15 of them disclosing at least some compensation. Too few fully insured medical plans in Towson 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 Towson employer that disclosed broker pay reported $59,159.
Which Towson employers have the largest health plans?
By insurance premium reported for 2024, Sheppard Pratt Health System ($161,984), Atlantic Automotive Corp. ($0), The Y in Central Maryland ($0) lead. 15 Towson employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Towson?
By compensation reported by Towson employers, the largest brokers are Willis Towers Watson ($590,430, 3 plans), The L Warner Companies Inc ($353,817, 1 plans), Corporate Synergies ($104,407, 1 plans). By medical premium, the largest carriers are Unitedhealthcare Insurance Company, Carefirst Bluechoice, Inc., Cigna Health and Life Insurance Company.
Are Towson employer health plans self-funded or fully insured?
Of 15 Towson employer plans, 2 are fully insured, 5 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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