Binghamton, New York employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
18 employers in Binghamton, New York filed health plans with 100 or more participants for plan year 2024, covering 6,408 participants. They reported $29M in insurance premiums and $1.5M in broker commissions and fees. Against 2023, premiums were down 2.1% and broker pay rose 2.3%.
Funding: 5 fully insured · 4 self-funded · 9 mixed. 13 of 18 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Binghamton
Binghamton employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Innovation Associates, Inc. | $7,337,707 | $257,706 | 585 | OneDigital |
| Security Mutual Life Insurance Company | $4,195,881 | $122,788 | 399 | Brown & Brown |
| Childrens Home of Wyoming Conference | $3,373,343 | $114,212 | 402 | Brown & Brown |
| Willow Run Foods, Inc. | $2,973,374 | $86,167 | 197 | Eba Services |
| Columbian Mutual Life Insurance Company | $2,921,594 | $112,878 | 304 | Haylor, Freyer & Coon Inc |
| Fine Sounds Group | $2,869,149 | $136,082 | 147 | P.Hokan Almstrom |
| McFarland Johnson Inc. | $1,944,726 | $81,380 | 204 | Alera Group, Inc. |
| Good Shepherd Communities Welfare Benefits Plan | $1,773,518 | $81,941 | 275 | Robert G Relph Agency Inc |
| I3 Electronics, Inc. | $1,523,457 | $83,181 | 206 | Lawley |
| Triple Cities Acquisition LLC | $26,480 | $66,478 | 196 | Frederick C. Russell |
| Umh Management Services Corp. | $0 | $14,113 | 739 | Ap Benefit Advisors LLC - PA |
| Trustees of Plumbers Pipe Fitters & Apprentices Local 112 Health Fund | $0 | $22,648 | 543 | Env Insurance Agency, LLC. |
| Bridgewater Center for Rehabilitation | $0 | $83,039 | 510 | Gutmans Ins Brokerage Inc |
| Buckingham Manufacturing Co., Inc. | $0 | $121,179 | 477 | Alliant Insurance Services |
| Mirabito Holdings Inc | $0 | — | 462 | — |
| IBEW 325 Joint Trust Fund | $0 | $3,810 | 318 | Bolton Partners Northeast, Inc. |
| Handicapped Children's Association of Southern NY of Southern NY, Inc. | $0 | $72,925 | 293 | Gallagher |
| Hinman, Howard & Kattell, LLP | $0 | $54,080 | 151 | NBT Mang Insurance Agency |
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 Binghamton employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Brown & Brown | $236,656 | 2 |
| OneDigital | $219,523 | 1 |
| Alliant Insurance Services | $118,472 | 1 |
| Haylor Freyer & Coon, Inc. | $108,007 | 1 |
| P.Hokan Almstrom | $95,385 | 1 |
| Eba Services | $86,167 | 1 |
| Lawley | $83,181 | 1 |
| Robert G Relph Agency Inc | $81,748 | 1 |
| Gutmans Ins Brokerage Inc | $76,299 | 1 |
| Gallagher | $72,925 | 1 |
Largest medical carriers
Medical premium written for these employers.
Binghamton 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.
| Binghamton | New York | United States | |
|---|---|---|---|
| Employer plans | 18 | 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 | $83,039 | $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, 18 Binghamton employers reported $30M in premiums and $1.5M in broker pay for 6,272 participants; in 2024 it was $29M and $1.5M for 6,408 participants (premiums −2.1%, broker pay +2.3%).
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 Binghamton employers pay health insurance brokers?
18 Binghamton employers reported $1,514,607 in broker commissions and fees on their 2024 Form 5500 filings, 17 of them disclosing at least some compensation. Too few fully insured medical plans in Binghamton 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 Binghamton employer that disclosed broker pay reported $83,039.
Which Binghamton employers have the largest health plans?
By insurance premium reported for 2024, Innovation Associates, Inc. ($7.3M), Security Mutual Life Insurance Company ($4.2M), Childrens Home of Wyoming Conference ($3.4M) lead. 18 Binghamton employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Binghamton?
By compensation reported by Binghamton employers, the largest brokers are Brown & Brown ($236,656, 2 plans), OneDigital ($219,523, 1 plans), Alliant Insurance Services ($118,472, 1 plans). By medical premium, the largest carriers are Excellus Blue Cross Blue Shield, MVP Healthcare, Healthpartners Insurance Company.
Are Binghamton employer health plans self-funded or fully insured?
Of 18 Binghamton employer plans, 5 are fully insured, 4 are self-funded and 9 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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