Missoula, Montana employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
22 employers in Missoula, Montana filed health plans with 100 or more participants for plan year 2024, covering 10,800 participants. They reported $2.0M in insurance premiums and $1.7M in broker commissions and fees. Against 2023, premiums were down 21.8% and broker pay rose 23.3%.
Funding: 5 fully insured · 11 self-funded · 6 mixed. 17 of 22 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Missoula
Missoula employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Watkins Benefits, LLC | $783,821 | $63,764 | 259 | Allegiance Benefit Plan Management |
| Neptune Aviation Services, Inc | $531,198 | $131,123 | 211 | Marsh McLennan Agency |
| Jackson Contractor Group, Inc | $384,668 | $100,056 | 214 | Marsh McLennan Agency |
| Good Food Store Inc. | $294,882 | $7,187 | 127 | Marsh McLennan Agency |
| Health Professions of Montana Plan & Trust | $25,928 | $147,211 | 1,310 | Alliant Insurance Services |
| Consumer Direct Holdings, Inc. | $0 | $567,296 | 3,457 | Marsh McLennan Agency |
| Montana Rail Link, Inc. | $0 | — | 1,010 | — |
| Washington Corporations | $0 | $2,629 | 963 | Marsh McLennan Agency |
| Allegiance Benefit Plan Management, Inc. | $0 | $11,029 | 654 | Intermountain Underwriters Inc |
| Onxmaps, Inc. | $0 | $67,262 | 388 | Paynewest Insurance, Inc. |
| Rocky Mountain Elk Foundation Inc | $0 | $145,750 | 250 | Independence Underwriting Partners |
| Feist Watson Enterprises | $0 | $19,116 | 244 | Leavitt Group |
| Submittable Holdings, Inc. | $0 | $17,617 | 229 | USI Insurance Services |
| Tamarack Management, Inc. | $0 | $16,964 | 215 | Paynewest Insurance Inc |
| Roach & Smith Distributors, Inc. | $0 | $72,538 | 208 | Intermountain Underwriters Inc |
| Western MT Mental Health Center | $0 | $88,299 | 196 | Marsh McLennan Agency |
| Blackfoot Telephone Cooperative, Inc. | $0 | $24,566 | 160 | Acrisure |
| Opportunity Resources, Inc. | $0 | $48,917 | 156 | Marsh McLennan Agency |
| Clearwater Federal Credit Union | $0 | — | 153 | — |
| Missoula Bone & Joint, LLC | $0 | $35,927 | 151 | Marsh McLennan Agency |
| Missoula Motor Company LLC | $0 | $48,102 | 127 | Marsh McLennan Agency |
| Northstar Medical Management, Inc. | $0 | $47,799 | 118 | Gagliardi Insurance Services 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 Missoula employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Marsh McLennan Agency | $919,145 | 11 |
| Paynewest Insurance | $122,826 | 10 |
| Alliant Insurance Services | $98,513 | 1 |
| Intermountain Underwriters Inc | $79,510 | 4 |
| Allegiance Benefit Plan Management | $62,603 | 1 |
| Gis Benefits Inc | $47,402 | 1 |
| Independence Underwriting Partners | $33,666 | 1 |
| Gagliardi Insurance Services LLC | $32,989 | 1 |
| Lockton | $20,113 | 1 |
| Leavitt Group | $19,116 | 1 |
Largest medical carriers
Medical premium written for these employers.
Missoula 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.
| Missoula | Montana | United States | |
|---|---|---|---|
| Employer plans | 22 | 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 | $48,510 | $60,255 | $72,628 |
| Medical premium per covered person | n/a | n/a | $7,274 |
| Plans reporting no commission | 1 | 4 | 933 |
Year over year. In plan year 2023, 24 Missoula employers reported $2.6M in premiums and $1.3M in broker pay for 10,731 participants; in 2024 it was $2.0M and $1.7M for 10,800 participants (premiums −21.8%, broker pay +23.3%).
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 Missoula employers pay health insurance brokers?
22 Missoula employers reported $1,663,152 in broker commissions and fees on their 2024 Form 5500 filings, 20 of them disclosing at least some compensation. Too few fully insured medical plans in Missoula 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 Missoula employer that disclosed broker pay reported $48,510.
Which Missoula employers have the largest health plans?
By insurance premium reported for 2024, Watkins Benefits, LLC ($783,821), Neptune Aviation Services, Inc ($531,198), Jackson Contractor Group, Inc ($384,668) lead. 22 Missoula employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Missoula?
By compensation reported by Missoula employers, the largest brokers are Marsh McLennan Agency ($919,145, 11 plans), Paynewest Insurance ($122,826, 10 plans), Alliant Insurance Services ($98,513, 1 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, United States Fire Insurance Company, Pacificsource Health Plans.
Are Missoula employer health plans self-funded or fully insured?
Of 22 Missoula employer plans, 5 are fully insured, 11 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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