Chesapeake, Virginia employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
29 employers in Chesapeake, Virginia filed health plans with 100 or more participants for plan year 2024, covering 110,829 participants. They reported $11M in insurance premiums and $5.2M in broker commissions and fees. Against 2023, premiums were down 24.0% and broker pay rose 17.7%.
Funding: 6 fully insured · 7 self-funded · 16 mixed. 23 of 29 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Chesapeake
Chesapeake employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Dollar Tree, Inc. | $8,418,814 | $1,947,349 | 70,222 | Lockton |
| Medical Management Services | $1,331,466 | $153,254 | 763 | USI Insurance Services |
| Init Innovations in Transportation Inc. | $1,122,515 | $120,277 | 120 | USI Insurance Services |
| American GFM Corporation | $73,216 | $63,754 | 135 | The Frieden Agency, LLC |
| Schenker, Inc. | $27,311 | $1,050,735 | 11,173 | Lockton |
| Damuth Services, Inc. | $4,266 | $4,956 | 242 | James A. Scott & Son Inc. |
| Dollar Tree Stores, Inc. | $0 | — | 20,464 | — |
| Map Communications, Inc. | $0 | $320,671 | 1,582 | Preferred Benefits Group Inc |
| Avmac, LLC | $0 | $142,898 | 700 | Brown & Brown |
| Tecnico Corporation | $0 | $78,980 | 630 | Alera Group Inc |
| Sumitomo Machinery Corporation of America | $0 | $72,324 | 491 | USI Insurance Services |
| Meb General Contractors, Inc. | $0 | $35,178 | 450 | Ragan B Pulley JR. |
| Plasser American Corporation | $0 | $58,969 | 353 | USI Insurance Services |
| Givens Group, Inc. | $0 | $130,520 | 347 | James A. Scott & Son, Inc. |
| T-Solutions, Inc. | $0 | $126,906 | 323 | OneDigital |
| Prism Maritime, LLC | $0 | $150,943 | 314 | Marsh McLennan Agency |
| YMCA of South Hampton Roads | $0 | $35,916 | 284 | Marsh McLennan Agency |
| Automotive Resource Development Group, LLC | $0 | $32,943 | 254 | The Hilb Group of Maryland LLC |
| Abnb Federal Credit Union | $0 | $59,484 | 251 | Gallagher |
| The McHenry Management Group, LLC | $0 | $103,470 | 227 | Riggs Counselman Michaels & Downes |
| Tidewater Fibre Corp dba TFC Recycling | $0 | $40,700 | 223 | Marsh McLennan Agency |
| Banister Nissan of Chesapeake, LLC | $0 | $71,693 | 216 | Hilb Group of Maryland |
| Cavalier Automotive Group | $0 | $94,512 | 209 | Hilb Group of Maryland |
| Fincantieri Marine Systems North America, Inc. | $0 | $21,855 | 175 | Willis Towers Watson |
| Yupo Corporation America | $0 | $89,240 | 175 | Alliant Insurance Services |
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 Chesapeake employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Lockton | $2,399,390 | 2 |
| USI Insurance Services | $382,155 | 6 |
| Explain MY Benefits LLC | $375,158 | 1 |
| Marsh McLennan Agency | $284,133 | 6 |
| Preferred Benefits LLC | $281,668 | 1 |
| Benefitfocus | $219,543 | 1 |
| The Hilb Group of Maryland LLC | $194,461 | 3 |
| OneDigital | $126,211 | 1 |
| James a Scott & Son Inc | $113,005 | 2 |
| Brown & Brown | $95,239 | 1 |
Largest medical carriers
Medical premium written for these employers.
Chesapeake against Virginia 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.
| Chesapeake | Virginia | United States | |
|---|---|---|---|
| Employer plans | 29 | 1,613 | 58,547 |
| Median commission rate | n/a | 4.6% | 3.8% |
| Middle half of rates | n/a | 3.2% – 6.4% | 2.7% – 5.0% |
| Median broker pay per employer | $73,735 | $71,889 | $72,628 |
| Medical premium per covered person | n/a | $6,864 | $7,274 |
| Plans reporting no commission | 0 | 5 | 933 |
Year over year. In plan year 2023, 32 Chesapeake employers reported $14M in premiums and $4.4M in broker pay for 101,309 participants; in 2024 it was $11M and $5.2M for 110,829 participants (premiums −24.0%, broker pay +17.7%).
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 Chesapeake employers pay health insurance brokers?
29 Chesapeake employers reported $5,177,757 in broker commissions and fees on their 2024 Form 5500 filings, 27 of them disclosing at least some compensation. Too few fully insured medical plans in Chesapeake reported premium to compute a stable commission rate; the Virginia median is 4.6% and the U.S. median is 3.8%. In dollars, the median Chesapeake employer that disclosed broker pay reported $73,735.
Which Chesapeake employers have the largest health plans?
By insurance premium reported for 2024, Dollar Tree, Inc. ($8.4M), Medical Management Services ($1.3M), Init Innovations in Transportation Inc. ($1.1M) lead. 25 Chesapeake employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Chesapeake?
By compensation reported by Chesapeake employers, the largest brokers are Lockton ($2.4M, 2 plans), USI Insurance Services ($382,155, 6 plans), Explain MY Benefits LLC ($375,158, 1 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, MCS Life Insurance Company, Hawaii Medical Service Association.
Are Chesapeake employer health plans self-funded or fully insured?
Of 29 Chesapeake employer plans, 6 are fully insured, 7 are self-funded and 16 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 Virginia
Is your company on this page? Get its Form 5500 read next to the Chesapeake, Virginia medians.
Tell us the company and a specialist writes up what the public Form 5500 record shows for it, if it files one: broker pay against the medians above, fee disclosure and filing timeliness, in a form you can forward to your CFO or counsel. Tick the box if you also want a 15-minute walkthrough call.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.