Guaynabo, Puerto Rico employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
15 employers in Guaynabo, Puerto Rico filed health plans with 100 or more participants for plan year 2024, covering 3,851 participants. They reported $14M in insurance premiums and $616,991 in broker commissions and fees. The median broker rate on commission-paying, fully insured medical plans was 5.0% of premium, against 5.0% across Puerto Rico and 3.8% nationally. Against 2023, premiums were up 13.6% and broker pay rose 10.8%.
Funding: 13 fully insured · 0 self-funded · 2 mixed. 2 of 15 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Guaynabo
Guaynabo employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Aci Herzog a Joint Venture | $1,991,041 | $89,596 | 304 | HUB International |
| Pan American Grain Manufacturing Co Inc | $1,607,177 | $79,066 | 341 | Olympic Agency Inc |
| Glaxosmithkline Puerto Rico, Inc. | $1,521,709 | $255 | 301 | Mercer |
| Liberman Media Group LLC | $1,140,772 | $57,038 | 177 | Marsh McLennan Agency |
| GE Industrial of PR LLC | $1,096,237 | $27,279 | 1,363 | Willis Towers Watson |
| Wovenware Inc | $931,078 | $46,046 | 179 | HUB International |
| Bold Holdings LLC | $923,845 | $48,874 | 117 | Marsh McLennan Agency |
| Quest Diagnostics of Puerto Rico, I | $904,306 | $44,763 | 151 | HUB International |
| Sun West Mortgage Company, Inc. | $795,937 | $39,797 | 129 | Ikon Insurance, Inc. |
| Loreal Caribe, Inc. | $729,914 | $37,249 | 106 | Ikon Insurance, Inc. |
| Worldnet Telecommunications, LLC | $719,807 | $51,798 | 174 | Fulcro Insurance |
| Money Group Health Plan | $710,722 | $35,536 | 117 | CGF Insurance LLC |
| Pepsico Puerto Rico Inc | $597,770 | $29,888 | 106 | Aon |
| Trafon Group | $499,109 | $29,618 | 158 | Olympic Agency, Inc. |
| Sun West Mortgage Company, Inc. | $1,879 | $188 | 128 | Ikon Insurance, Inc. |
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 Guaynabo employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| HUB International | $172,410 | 3 |
| Marsh McLennan Agency | $105,912 | 2 |
| Ikon Insurance, Inc. | $77,234 | 3 |
| CGF Insurance LLC | $75,489 | 3 |
| Olympic Agency Inc | $71,294 | 2 |
| Fulcro Insurance | $48,195 | 1 |
| Aon | $29,888 | 1 |
| Willis Towers Watson | $27,279 | 1 |
| Vidal & Rodriguez | $7,994 | 1 |
| CFG Insurance LLC | $1,039 | 1 |
Largest medical carriers
Medical premium written for these employers.
Guaynabo against Puerto Rico 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.
| Guaynabo | Puerto Rico | United States | |
|---|---|---|---|
| Employer plans | 15 | 239 | 58,547 |
| Median commission rate | 5.0% (13 plans) | 5.0% | 3.8% |
| Middle half of rates | 5.0% – 5.0% | 4.8% – 5.0% | 2.7% – 5.0% |
| Median broker pay per employer | $39,797 | $53,861 | $72,628 |
| Medical premium per covered person | $5,887 | $4,572 | $7,274 |
| Plans reporting no commission | 1 | 8 | 933 |
Year over year. In plan year 2023, 15 Guaynabo employers reported $12M in premiums and $556,972 in broker pay for 3,904 participants; in 2024 it was $14M and $616,991 for 3,851 participants (premiums +13.6%, broker pay +10.8%).
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 Guaynabo employers pay health insurance brokers?
15 Guaynabo employers reported $616,991 in broker commissions and fees on their 2024 Form 5500 filings, 15 of them disclosing at least some compensation. Among 13 commission-paying, fully insured medical plans, the median broker rate was 5.0% of premium, 0.0 points above the Puerto Rico median of 5.0% and 1.2 points above the U.S. median of 3.8%. In dollars, the median Guaynabo employer that disclosed broker pay reported $39,797.
Which Guaynabo employers have the largest health plans?
By insurance premium reported for 2024, Aci Herzog a Joint Venture ($2.0M), Pan American Grain Manufacturing Co Inc ($1.6M), Glaxosmithkline Puerto Rico, Inc. ($1.5M) lead. 15 Guaynabo employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Guaynabo?
By compensation reported by Guaynabo employers, the largest brokers are HUB International ($172,410, 3 plans), Marsh McLennan Agency ($105,912, 2 plans), Ikon Insurance, Inc. ($77,234, 3 plans). By medical premium, the largest carriers are Triple S Salud, Inc., MCS Life Insurance Company, Aetna Life Insurance Company.
Are Guaynabo employer health plans self-funded or fully insured?
Of 15 Guaynabo employer plans, 13 are fully insured, 0 are self-funded and 2 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 Puerto Rico
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