New Mexico employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
167 New Mexico employers filed health plans with 100 or more participants for plan year 2024, covering 113,397 participants. They reported $146M in insurance premiums and $15M in broker commissions and fees. The median broker rate on commission-paying, fully insured medical plans was 3.0% of premium, 0.8 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.
Cities in New Mexico
Every New Mexico 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 |
|---|---|---|
| Albuquerque | 98 | $100M |
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 |
|---|---|---|---|
| Laguna Development Corporation | Albuquerque | 6.5% | $129,620 |
| Brycon Corporation | Rio Rancho | 4.7% | $218,193 |
| James Hamilton Construction Co. | Silver City | 3.7% | $49,233 |
| Taos Health Systems Incorporated | Taos | 2.3% | $100,641 |
| San Felipe Pueblo Enterprises | San Felipe Pueblo | 1.4% | $35,574 |
| Salado Isolation Mining Contractors, LLC | Carlsbad | 1.1% | $204,327 |
| First American Bank | Artesia | 1.1% | $17,257 |
| Presbyterian Medical Services | Santa Fe | 0.6% | $46,387 |
| Aztec Well Servicing Company | Aztec | 0.0% | $0 |
| Pueblo of Isleta | Albuquerque | 0.0% | $0 |
| Board of Trustees of Central Texas Health and Benefit Fund | Albuquerque | 0.0% | $0 |
| Albuquerque Academy | Albuquerque | 0.0% | $0 |
| Board of Trustees of Sheet Metal Workers 49 Family Health Plan | Albuquerque | 0.0% | $0 |
| Southwest Multicraft | Albuquerque | 0.0% | $0 |
Source: DOL Form 5500 and Schedule A, plan year 2024; built October 24, 2026. Methodology.
What do New Mexico 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 New Mexico employers was 3.0% of premium (middle half 1.2% to 6.0%), against a national median of 3.8%. In dollars, the median employer that disclosed broker pay reported $50,216.
Which New Mexico employers paid the most in broker commissions?
Triad National Security, LLC reported the most in 2024, $1,455,250, followed by Presbyterian Healthcare Services ($1.3M) and MVT Holdings, LLC ($549,552).
Which brokers and carriers dominate New Mexico?
By reported compensation, the largest brokers are HUB International, Custom Benefit Programs Inc, Aon. By medical premium, the largest carriers are Bluecross Blueshield of New Mexico, Blue Cross Blue Shield, Bluecross Blueshield of Illinois.
Which New Mexico cities have the most employer health plans?
Albuquerque (98 employer plans, $100M in premiums). 1 New Mexico 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 New Mexico 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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