Billings, Montana employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
28 employers in Billings, Montana filed health plans with 100 or more participants for plan year 2024, covering 16,975 participants. They reported $1.4M in insurance premiums and $1.4M in broker commissions and fees. Against 2023, premiums were down 24.0% and broker pay fell 18.8%.
Funding: 5 fully insured · 17 self-funded · 6 mixed. 23 of 28 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Billings
Billings employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Conlin's Furniture, Inc. | $712,892 | $16,453 | 114 | Marsh McLennan Agency |
| First Interstate Bancsystem Inc. | $514,584 | $226,473 | 3,230 | HUB International |
| Electrical Consultants, Inc. | $129,173 | $680 | 839 | Intermountain Underwriters Inc. |
| Associated Employers of Montana | $0 | $95,110 | 6,484 | Associated Management Services |
| Board of Trustees of the Montana Contractors Assn Health Care Trust | $0 | — | 2,142 | — |
| Menholt Automotive Group | $0 | $166,823 | 463 | Miriam Avery Insurance Agency Inc. |
| Cta Inc. dba Cushing Terrell | $0 | — | 369 | — |
| Kampgrounds of America, Inc. | $0 | $19,448 | 349 | Mercer |
| Wireless Communications, Inc. | $0 | $60,255 | 241 | Jeremy Devries |
| Wyo-Ben Inc | $0 | $33,603 | 197 | Alliant Insurance Services |
| The Tire Guys | $0 | $74,575 | 196 | Leavitt Group |
| Rocky Mountain College | $0 | $28,740 | 184 | Leavitt Group |
| Computers Unlimited | $0 | $107,018 | 178 | Marsh McLennan Agency |
| Billings Flying Service, Inc. | $0 | $64,218 | 174 | Reli Exchange LLC |
| Crowley Fleck PLLP | $0 | $72,779 | 170 | Marsh McLennan Agency |
| Wentana LLC | $0 | $2,980 | 168 | H&H Insurance LLC |
| Northwest Pipe Fittings, Inc. | $0 | $60,171 | 142 | Di Fronzo and Company Inc |
| Warren Transport, Inc. | $0 | — | 141 | — |
| Valley Financial Credit Union | $0 | $57,290 | 139 | Miriam Avery Insurance Agency, Inc. |
| Youth Dynamics, Inc. | $0 | $58,361 | 135 | Leavitt Group |
| Automotive & Industrial Distributors of Billings | $0 | $102,762 | 124 | Leavitt Group |
| Pierce Flooring, Inc. | $0 | $17,105 | 120 | Leavitt Group |
| Yellowstone Surgery Center | $0 | $20,037 | 116 | Leavitt Group |
| Motor Power Equipment | $0 | $78,570 | 116 | Marsh McLennan Agency |
| Reciprocity Industries, Limited Liability Company | $0 | $2,223 | 114 | Nsquared Consulting, 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 Billings employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Leavitt Group | $323,526 | 7 |
| Marsh McLennan Agency | $282,789 | 5 |
| HUB International | $233,097 | 2 |
| Miriam Avery Insurance Agency Inc. | $192,157 | 2 |
| Associated Management Services | $95,110 | 1 |
| Jeremy Devries | $60,255 | 1 |
| Di Fronzo and Company Inc | $60,171 | 1 |
| Reli Exchange LLC | $57,964 | 1 |
| Alliant Insurance Services | $33,603 | 1 |
| Paynewest Insurance | $16,758 | 2 |
Largest medical carriers
Medical premium written for these employers.
Billings against Montana 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.
| Billings | Montana | United States | |
|---|---|---|---|
| Employer plans | 28 | 154 | 58,547 |
| Median commission rate | n/a | 3.5% | 3.8% |
| Middle half of rates | n/a | 3.0% – 12.8% | 2.7% – 5.0% |
| Median broker pay per employer | $57,826 | $60,255 | $72,628 |
| Medical premium per covered person | n/a | n/a | $7,274 |
| Plans reporting no commission | 0 | 4 | 933 |
Year over year. In plan year 2023, 27 Billings employers reported $1.8M in premiums and $1.8M in broker pay for 23,761 participants; in 2024 it was $1.4M and $1.4M for 16,975 participants (premiums −24.0%, broker pay −18.8%).
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 Billings employers pay health insurance brokers?
28 Billings employers reported $1,441,021 in broker commissions and fees on their 2024 Form 5500 filings, 24 of them disclosing at least some compensation. Too few fully insured medical plans in Billings reported premium to compute a stable commission rate; the Montana median is 3.5% and the U.S. median is 3.8%. In dollars, the median Billings employer that disclosed broker pay reported $57,826.
Which Billings employers have the largest health plans?
By insurance premium reported for 2024, Conlin's Furniture, Inc. ($712,892), First Interstate Bancsystem Inc. ($514,584), Electrical Consultants, Inc. ($129,173) lead. 25 Billings employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Billings?
By compensation reported by Billings employers, the largest brokers are Leavitt Group ($323,526, 7 plans), Marsh McLennan Agency ($282,789, 5 plans), HUB International ($233,097, 2 plans). By medical premium, the largest carriers are Bluecross Blueshield of Montana, Berkley Life and Health Insurance Company, HCC Life Insurance Company.
Are Billings employer health plans self-funded or fully insured?
Of 28 Billings employer plans, 5 are fully insured, 17 are self-funded and 6 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 Montana
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