Maine employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
246 Maine employers filed health plans with 100 or more participants for plan year 2024, covering 204,377 participants. They reported $622M in insurance premiums and $24M in broker commissions and fees. The median broker rate on commission-paying, fully insured medical plans was 3.8% of premium, 0.0 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 Maine
Every Maine 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 |
|---|---|---|
| Portland | 45 | $17M |
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 |
|---|---|---|---|
| Veritas Prime, LLC | Yarmouth | 7.0% | $84,628 |
| Osprey Unlimited Industries, Inc. | Scarborough | 6.3% | $44,059 |
| Katahdin Valley Health Center | Patten | 5.6% | $70,282 |
| Verrill Dana, LLP | Portland | 4.9% | $104,327 |
| Penquis Community Action Program Inc. | Bangor | 4.8% | $162,015 |
| Mathews Brothers Company | Belfast | 4.5% | $83,100 |
| Vip Parts, Tires and Service | Auburn | 4.3% | $129,310 |
| Mkrdy Ogunquit, LLC | Cape Neddick | 4.3% | $29,821 |
| Machias Savings Bank | Machias | 3.9% | $67,998 |
| Roberts Energy | Springfield | 3.7% | $65,578 |
| Waypoint Maine | Sanford | 3.0% | $51,497 |
| DSR Auto Management LLC | Saco | 2.9% | $78,922 |
| Paradigm Operating Co, LLC | Portland | 2.9% | $25,081 |
| Portland Community Health Center dba Greater Portland Health | South Portland | 2.4% | $34,000 |
| Hospice of Southern Maine | Scarborough | 2.3% | $44,231 |
| Kennebec Savings Bank | Augusta | 2.1% | $60,821 |
| Rarebreed Veterinary Partners, Inc. | Portland | 1.5% | $185,545 |
| University of New England | Biddeford | 0.9% | $99,247 |
| Maine Education Association | Augusta | 0.7% | $4,120,296 |
Source: DOL Form 5500 and Schedule A, plan year 2024; built October 24, 2026. Methodology.
What do Maine employers pay health insurance brokers?
Across 20 fully insured medical plans in plan year 2024, among commission-paying fully insured medical plans, the median broker compensation for Maine employers was 3.8% of premium (middle half 2.4% to 4.8%), against a national median of 3.8%. In dollars, the median employer that disclosed broker pay reported $58,098.
Which Maine employers paid the most in broker commissions?
Maine Education Association reported the most in 2024, $4,120,296, followed by TD Bank, N.A. ($1.7M) and Robbins Lumber, Inc ($734,084).
Which brokers and carriers dominate Maine?
By reported compensation, the largest brokers are Meabt, Cross Benefit Solutions, Willis Towers Watson. By medical premium, the largest carriers are Anthem Health Plans of Maine, Inc., Cigna Health and Life Insurance Company, Blue Cross Blue Shield of Massachusetts, Inc..
Which Maine cities have the most employer health plans?
Portland (45 employer plans, $17M in premiums). 1 Maine 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 Maine 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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