Minnesota employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
1,318 Minnesota employers filed health plans with 100 or more participants for plan year 2024, covering 2,864,596 participants. They reported $132M in insurance premiums and $117M in broker commissions and fees. The median broker rate on commission-paying, fully insured medical plans was 5.0% of premium, 1.2 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 Minnesota
Every Minnesota 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 |
|---|---|---|
| Minneapolis | 263 | $47M |
| St. Paul | 117 | $14M |
| Bloomington | 58 | $4.9M |
| Eden Prairie | 53 | $515,694 |
| Plymouth | 42 | $1.1M |
| Minnetonka | 32 | $1.5M |
| Eagan | 28 | $1.8M |
| Edina | 27 | $275,947 |
| St. Cloud | 27 | $6.7M |
| St. Louis Park | 24 | $9.9M |
| Duluth | 22 | $181,360 |
| Brooklyn Park | 18 | $437,648 |
| Willmar | 17 | $386,582 |
| Roseville | 16 | $403,795 |
| Golden Valley | 15 | $1.5M |
| Mendota Heights | 15 | $836,598 |
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 |
|---|---|---|---|
| Curio Brands, LLC | Minneapolis | 9.8% | $105,327 |
| The Barcode Group | Minneapolis | 5.9% | $73,721 |
| Ani Pharmaceuticals, Inc. | Baudette | 3.6% | $291,129 |
| Hiawatha Valley Mental Health Center | Winona | 2.4% | $36,738 |
Source: DOL Form 5500 and Schedule A, plan year 2024; built October 24, 2026. Methodology.
What do Minnesota employers pay health insurance brokers?
Across 5 fully insured medical plans in plan year 2024, among commission-paying fully insured medical plans, the median broker compensation for Minnesota employers was 5.0% of premium (middle half 3.6% to 5.9%), against a national median of 3.8%. In dollars, the median employer that disclosed broker pay reported $58,196.
Which Minnesota employers paid the most in broker commissions?
Medtronic reported the most in 2024, $1,682,635, followed by Marsh & McLennan Agency, LLC ($1.6M) and Target Corporation ($1.6M).
Which brokers and carriers dominate Minnesota?
By reported compensation, the largest brokers are USI Insurance Services, Marsh McLennan Agency, Willis Towers Watson. By medical premium, the largest carriers are Blue Cross Blue Shield of South Carolina, Cigna Health and Life Insurance Company, Independence Blue Cross.
Which Minnesota cities have the most employer health plans?
Minneapolis (263 employer plans, $47M in premiums); St. Paul (117 employer plans, $14M in premiums); Bloomington (58 employer plans, $4.9M in premiums); Eden Prairie (53 employer plans, $515,694 in premiums); Plymouth (42 employer plans, $1.1M in premiums). 16 Minnesota 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 Minnesota 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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