Albany, New York employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
60 employers in Albany, New York filed health plans with 100 or more participants for plan year 2024, covering 55,445 participants. They reported $17M in insurance premiums and $5.7M in broker commissions and fees. Against 2023, premiums were up 3.9% and broker pay fell 6.9%.
Funding: 11 fully insured · 14 self-funded · 35 mixed. 49 of 60 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Albany
Albany employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
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 Albany employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Gallagher | $959,923 | 12 |
| NFP | $843,056 | 12 |
| Brown & Brown | $735,069 | 3 |
| Marshall & Sterling Employee Benefi | $422,878 | 14 |
| Rose & Kiernan Inc | $402,441 | 10 |
| Marshall & Sterling Inc | $354,080 | 4 |
| OneDigital | $307,309 | 3 |
| Robert G Relph Agency Inc | $229,691 | 4 |
| Commercial Coverage Inc | $210,151 | 1 |
| Upstate Financial Services | $185,977 | 2 |
Largest medical carriers
Medical premium written for these employers.
Albany against New York 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.
| Albany | New York | United States | |
|---|---|---|---|
| Employer plans | 60 | 3,508 | 58,547 |
| Median commission rate | n/a | 3.7% | 3.8% |
| Middle half of rates | n/a | 2.9% – 4.3% | 2.7% – 5.0% |
| Median broker pay per employer | $76,036 | $85,893 | $72,628 |
| Medical premium per covered person | n/a | $10,907 | $7,274 |
| Plans reporting no commission | 0 | 28 | 933 |
Year over year. In plan year 2023, 59 Albany employers reported $17M in premiums and $6.1M in broker pay for 59,215 participants; in 2024 it was $17M and $5.7M for 55,445 participants (premiums +3.9%, broker pay −6.9%).
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 Albany employers pay health insurance brokers?
60 Albany employers reported $5,699,211 in broker commissions and fees on their 2024 Form 5500 filings, 55 of them disclosing at least some compensation. Too few fully insured medical plans in Albany reported premium to compute a stable commission rate; the New York median is 3.7% and the U.S. median is 3.8%. In dollars, the median Albany employer that disclosed broker pay reported $76,036.
Which Albany employers have the largest health plans?
By insurance premium reported for 2024, Civil Service Employees Association Inc ($10M), The Research Foundation for SUNY ($5.0M), Curia Global, Inc. ($884,075) lead. 25 Albany employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Albany?
By compensation reported by Albany employers, the largest brokers are Gallagher ($959,923, 12 plans), NFP ($843,056, 12 plans), Brown & Brown ($735,069, 3 plans). By medical premium, the largest carriers are Empire Healthchoice Assurance, Inc., Empire Healthchoice Assurance, Inc. (g1921), MVP Healthcare.
Are Albany employer health plans self-funded or fully insured?
Of 60 Albany employer plans, 11 are fully insured, 14 are self-funded and 35 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 New York
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