Utilities employer health plans: what they cost and who gets paid
480 Utilities employers filed health plans with 100 or more participants for plan year 2024, covering 917,505 participants. They reported $628M in insurance premiums and $69M in broker commissions and fees. The median broker rate on commission-paying, fully insured medical plans was 3.0% of premium, 0.7 points below the national median of 3.8%.
Largest brokers
Reported commissions and fees, with the number of employer plans naming each.
Largest medical carriers
Medical premium written.
Largest employer plans
By health plan participants.
Highest broker pay
Employers reporting the most broker commissions and fees.
Highest commission rates
Fully insured medical plans with at least $500,000 in premium, ranked by broker compensation as a share of premium.
Source: DOL Form 5500 and Schedule A, plan year 2024; built October 24, 2026. Methodology.
What do Utilities employers pay health insurance brokers?
Across 28 fully insured medical plans in plan year 2024, among commission-paying fully insured medical plans, the median broker compensation for Utilities employers was 3.0% of premium (middle half 1.6% to 5.0%), against a national median of 3.8%. In dollars, the median employer that disclosed broker pay reported $89,822.
Which Utilities employers paid the most in broker commissions?
Southern Company Services, Inc. reported the most in 2024, $2,056,972, followed by Luma Energy Servco LLC ($1.7M) and National Grid USA Service Company, Inc. ($1.7M).
Which brokers and carriers dominate this industry?
By reported compensation, the largest brokers are Mercer, Willis Towers Watson, Marsh McLennan Agency. By medical premium, the largest carriers are Wellmark Blue Cross and Blue Shield of South Dakota, Wellmark Blue Cross and Blue Shield of Iowa, Bluecross Blueshield of Texas.