Indiana employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
1,155 Indiana employers filed health plans with 100 or more participants for plan year 2024, covering 966,997 participants. They reported $273M in insurance premiums and $91M in broker commissions and fees. The median broker rate on commission-paying, fully insured medical plans was 4.9% of premium, 1.1 points above 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.
Cities in Indiana
Every Indiana city where 15 or more employers filed a health plan, by the sponsor's mailing address. Each page lists the city's largest plans, brokers and carriers.
| City | Employer plans | Premiums |
|---|---|---|
| Indianapolis | 301 | $142M |
| Fort Wayne | 78 | $2.2M |
| Evansville | 50 | $9.6M |
| Carmel | 45 | $4.5M |
| Elkhart | 34 | $24M |
| South Bend | 33 | $569,244 |
| Fishers | 21 | $4.0M |
| Bloomington | 19 | $1.6M |
| Columbus | 19 | $657,389 |
| Jeffersonville | 16 | $2.7M |
| Terre Haute | 16 | $2.6M |
| Muncie | 15 | $965,201 |
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.
| Employer | City | Rate | Broker pay |
|---|---|---|---|
| KRG Management, LLC | Indianapolis | 6.8% | $147,111 |
| Venture Transportation Partners, LLC | Indianapolis | 5.1% | $44,519 |
| The National Bank of Indianapolis | Indianapolis | 4.7% | $119,575 |
| Dynamic Industrial Group, Inc. | Elkhart | 3.1% | $113,219 |
| Mac Construction & Excavating, Inc. | New Albany | 2.9% | $46,862 |
| Group 1001 Resources, LLC | Zionsville | 2.5% | $485,768 |
| Alverno Clinical Laboratories | Hammond | 0.3% | $61,992 |
| Bloomington Ford, Inc. | Bloomington | 0.0% | $0 |
| The Ford Meter Box Co., Inc. | Wabash | 0.0% | $0 |
| The Elevance Health Companies of Puerto Rico | Indianapolis | 0.0% | $0 |
| Tilson HR Inc | Greenwood | 0.0% | $0 |
| Conn-Selmer, Inc. | Elkhart | 0.0% | $0 |
| Jewish Federation of Greater Indianapolis, Inc | Indianapolis | 0.0% | $0 |
Source: DOL Form 5500 and Schedule A, plan year 2024; built October 24, 2026. Methodology.
What do Indiana employers pay health insurance brokers?
Across 10 fully insured medical plans in plan year 2024, among commission-paying fully insured medical plans, the median broker compensation for Indiana employers was 4.9% of premium (middle half 3.0% to 8.6%), against a national median of 3.8%. In dollars, the median employer that disclosed broker pay reported $48,384.
Which Indiana employers paid the most in broker commissions?
Indiana University Health Inc. reported the most in 2024, $2,151,513, followed by Cook Group Incorporated ($1.4M) and Thor Industries, Inc. ($1.4M).
Which brokers and carriers dominate Indiana?
By reported compensation, the largest brokers are Gibson Insurance Agency, Inc., Hylant, Mercer. By medical premium, the largest carriers are Blue Cross Blue Shield of Massachusetts, Inc., Bluecross Blueshield of Illinois, Mapfre Life Insurance Company of Puerto Rico.
Which Indiana cities have the most employer health plans?
Indianapolis (301 employer plans, $142M in premiums); Fort Wayne (78 employer plans, $2.2M in premiums); Evansville (50 employer plans, $9.6M in premiums); Carmel (45 employer plans, $4.5M in premiums); Elkhart (34 employer plans, $24M in premiums). 12 Indiana cities with 15 or more employer plans have their own page listing the largest plans, brokers and carriers.
Is your company on this page? Get its Form 5500 read next to the Indiana 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.
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