Provo, Utah employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
35 employers in Provo, Utah filed health plans with 100 or more participants for plan year 2024, covering 18,181 participants. They reported $4.2M in insurance premiums and $4.2M in broker commissions and fees. Against 2023, premiums were down 0.5% and broker pay rose 20.0%.
Funding: 9 fully insured · 9 self-funded · 17 mixed. 26 of 35 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Provo
Provo employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Usw District 12 Local 1654 at McWane Ductile - Utah Division | $3,015,639 | $179,119 | 187 | People Performance LLC |
| Lodging Dynamics Hospitality Group | $663,444 | $162,098 | 855 | GBS Benefits Inc |
| Wavetronix, LLC | $501,681 | $229,377 | 293 | NFP |
| Angel Studios, Inc | $39,071 | $215,253 | 232 | GBS Benefits, Inc. |
| Vivint, Inc. | $0 | $287,368 | 3,293 | Gallagher |
| Qualtrics, LLC | $0 | $381,702 | 3,135 | GBS Benefits Inc |
| Aptive Environmental | $0 | $108,657 | 1,801 | IMA Financial |
| Central Utah Clinic PC | $0 | $439,669 | 1,104 | NFP |
| Cascades Healthcare, LLC | $0 | $70,283 | 901 | NFP |
| Nu Skin International, Inc. | $0 | $130,501 | 741 | Mercer |
| RHYZ, Inc. | $0 | $29,889 | 672 | Mercer |
| Peg Companies | $0 | $119,256 | 651 | HUB International |
| Utah Valley Pediatrics | $0 | $90,188 | 309 | Peter C. Foy & Associates |
| Kenny Seng Construction, Inc. | $0 | $39,050 | 273 | Gallagher |
| Utah Community Federal Credit Union | $0 | $210,784 | 271 | Shumway Insurance Group |
| Dhi Computing Services, Inc. | $0 | $196,069 | 263 | Magellan Human Capital MGMT |
| Valley Ob/Gyn | $0 | — | 255 | — |
| Redstone Residential | $0 | $105,259 | 242 | HUB International |
| Alpine Air | $0 | $120,316 | 240 | Moreton & Company |
| Rocky Mountain University of Health Professions, Inc. | $0 | $130,573 | 228 | NFP |
| Heritage School, Inc. | $0 | $14,718 | 184 | Fred A. Moreton & Company |
| Peg Hospitality Inc. | $0 | $55,842 | 183 | HUB International |
| Vancon, Inc. | $0 | $22,658 | 176 | Gallagher |
| Vitalsmarts LLC | $0 | $124,989 | 169 | GBS Benefits, Inc. |
| Action Target Inc | $0 | $32,386 | 161 | Gallagher |
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 Provo employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| NFP | $923,027 | 7 |
| GBS Benefits Inc | $830,711 | 6 |
| Gallagher | $500,740 | 7 |
| Shumway Insurance Group | $295,114 | 2 |
| HUB International | $266,756 | 3 |
| People Performance LLC | $179,119 | 1 |
| Mercer | $158,816 | 2 |
| Marsh McLennan Agency | $142,764 | 1 |
| Magellan Human Capital MGMT | $106,443 | 1 |
| Altura Benefits LLC | $104,735 | 1 |
Largest medical carriers
Medical premium written for these employers.
Provo against Utah 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.
| Provo | Utah | United States | |
|---|---|---|---|
| Employer plans | 35 | 700 | 58,547 |
| Median commission rate | n/a | 5.0% | 3.8% |
| Middle half of rates | n/a | 3.0% – 5.9% | 2.7% – 5.0% |
| Median broker pay per employer | $106,958 | $77,994 | $72,628 |
| Medical premium per covered person | n/a | $4,849 | $7,274 |
| Plans reporting no commission | 0 | 4 | 933 |
Year over year. In plan year 2023, 31 Provo employers reported $4.2M in premiums and $3.5M in broker pay for 17,469 participants; in 2024 it was $4.2M and $4.2M for 18,181 participants (premiums −0.5%, broker pay +20.0%).
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 Provo employers pay health insurance brokers?
35 Provo employers reported $4,248,988 in broker commissions and fees on their 2024 Form 5500 filings, 34 of them disclosing at least some compensation. Too few fully insured medical plans in Provo reported premium to compute a stable commission rate; the Utah median is 5.0% and the U.S. median is 3.8%. In dollars, the median Provo employer that disclosed broker pay reported $106,958.
Which Provo employers have the largest health plans?
By insurance premium reported for 2024, Usw District 12 Local 1654 at McWane Ductile - Utah Division ($3.0M), Lodging Dynamics Hospitality Group ($663,444), Wavetronix, LLC ($501,681) lead. 25 Provo employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Provo?
By compensation reported by Provo employers, the largest brokers are NFP ($923,027, 7 plans), GBS Benefits Inc ($830,711, 6 plans), Gallagher ($500,740, 7 plans). By medical premium, the largest carriers are Selecthealth, Motivhealth, Unitedhealthcare Insurance Company.
Are Provo employer health plans self-funded or fully insured?
Of 35 Provo employer plans, 9 are fully insured, 9 are self-funded and 17 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 Utah
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