New York City, New York employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
18 employers in New York City, New York filed health plans with 100 or more participants for plan year 2024, covering 6,660 participants. They reported $1.4M in insurance premiums and $3.0M in broker commissions and fees. Against 2023, premiums were up 35.9% and broker pay rose 2.3%.
Funding: 3 fully insured · 2 self-funded · 13 mixed. 15 of 18 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in New York City
New York City employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Allied World Assurance Company U.S. Inc. | $1,395,316 | $53,941 | 863 | Lockton |
| Hireart, Inc. | $0 | $433,552 | 1,345 | Sequoia |
| Scor U.S. Corporation | $0 | $336,409 | 572 | Mercer |
| Industrious National Management Company | $0 | $350,987 | 421 | Sequoia |
| KLM Royal Dutch Airlines | $0 | $22,590 | 412 | HUB International |
| Homes for the Homeless, Inc. | $0 | $189,648 | 336 | RSC Insurance Brokerage Inc |
| BD of TR Derrickmens Welfare Fund, Local 197 | $0 | $75,265 | 333 | Ark Advisors Inc |
| Persistent Systems, LLC | $0 | $75,412 | 324 | Marsh McLennan Agency |
| Unqork Inc. | $0 | $128,958 | 267 | Sequoia |
| Talkiatry | $0 | $10,983 | 255 | NFP |
| First Mile Group Inc | $0 | $247,320 | 239 | Sequoia |
| Ted Conferences, LLC | $0 | $201,159 | 220 | Sequoia |
| Gympass US, LLC | $0 | $216,939 | 213 | Sequoia |
| Roivant Sciences, Inc. | $0 | $165,285 | 202 | Sequoia |
| Theguarantors | $0 | $183,801 | 199 | Bennie Insurance, LLC |
| The Expert Institute | $0 | $72,161 | 167 | Marsh McLennan Agency |
| Center for Family Representation, Inc. | $0 | $126,157 | 160 | NY - GJK Insurance Agency |
| Thrive Global Holdings | $0 | $144,047 | 132 | Sequoia |
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 New York City employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Sequoia | $1,854,781 | 8 |
| Mercer | $336,409 | 1 |
| Bennie Insurance, LLC | $147,209 | 2 |
| Professional Group Plans, Inc. | $139,794 | 4 |
| RSC Insurance Brokerage, Inc. | $130,162 | 1 |
| Marsh McLennan Agency | $104,949 | 2 |
| NY - GJK Insurance Agency | $89,254 | 1 |
| Emerson Rogers, LLC | $46,835 | 2 |
| Lockton | $29,243 | 1 |
| Ark Advisors Inc | $29,164 | 1 |
Largest medical carriers
Medical premium written for these employers.
New York City 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.
| New York City | 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 | $154,666 | $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, 20 New York City employers reported $1.0M in premiums and $3.0M in broker pay for 6,887 participants; in 2024 it was $1.4M and $3.0M for 6,660 participants (premiums +35.9%, 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 New York City employers pay health insurance brokers?
18 New York City employers reported $3,034,614 in broker commissions and fees on their 2024 Form 5500 filings, 18 of them disclosing at least some compensation. Too few fully insured medical plans in New York City 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 New York City employer that disclosed broker pay reported $154,666.
Which New York City employers have the largest health plans?
By insurance premium reported for 2024, Allied World Assurance Company U.S. Inc. ($1.4M), Hireart, Inc. ($0), Scor U.S. Corporation ($0) lead. 18 New York City employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in New York City?
By compensation reported by New York City employers, the largest brokers are Sequoia ($1.9M, 8 plans), Mercer ($336,409, 1 plans), Bennie Insurance, LLC ($147,209, 2 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Unitedhealthcare Insurance Company, Kaiser Foundation Health Plan, Inc..
Are New York City employer health plans self-funded or fully insured?
Of 18 New York City employer plans, 3 are fully insured, 2 are self-funded and 13 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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