Rhode Island employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
195 Rhode Island employers filed health plans with 100 or more participants for plan year 2024, covering 671,818 participants. They reported $235M in insurance premiums and $19M in broker commissions and fees. The median broker rate on commission-paying, fully insured medical plans was 1.0% of premium, 2.7 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.
Cities in Rhode Island
Every Rhode Island 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 |
|---|---|---|
| Providence | 48 | $203M |
| Cranston | 19 | $14M |
| Warwick | 19 | $283,017 |
| Pawtucket | 15 | $5.2M |
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 |
|---|---|---|---|
| Mikel Undersea Warfare Systems | Middletown | 3.6% | $61,850 |
| International Game Technology | Providence | 3.0% | $44,154 |
| Tasca Automotive Group LLC | Cranston | 1.3% | $183,000 |
| University Orthopedics, Inc. | Providence | 1.0% | $99,629 |
| Coastal1 Credit Union | Pawtucket | 0.4% | $17,202 |
| Care New England | Providence | 0.2% | $176,017 |
| Women & Infants Hospital | Providence | 0.2% | $64,858 |
| Ri Laborers Health Fund Board of Trustees | Providence | 0.1% | $20,943 |
| Bryant University | Smithfield | 0.0% | $0 |
| Blue Cross & Blue Shield of Rhode Island | Providence | 0.0% | $0 |
Source: DOL Form 5500 and Schedule A, plan year 2024; built October 24, 2026. Methodology.
What do Rhode Island employers pay health insurance brokers?
Across 9 fully insured medical plans in plan year 2024, among commission-paying fully insured medical plans, the median broker compensation for Rhode Island employers was 1.0% of premium (middle half 0.2% to 3.0%), against a national median of 3.8%. In dollars, the median employer that disclosed broker pay reported $55,655.
Which Rhode Island employers paid the most in broker commissions?
CVS Pharmacy, Inc reported the most in 2024, $1,752,356, followed by Lifespan Corporation ($1.0M) and Bank of America Corporation ($998,484).
Which brokers and carriers dominate Rhode Island?
By reported compensation, the largest brokers are Willis Towers Watson, Marsh McLennan Agency, Hilb Group of New England. By medical premium, the largest carriers are Blue Cross Blue Shield of Rhode Island, Blue Cross Blue Shield of Ri, Highmark Inc..
Which Rhode Island cities have the most employer health plans?
Providence (48 employer plans, $203M in premiums); Cranston (19 employer plans, $14M in premiums); Warwick (19 employer plans, $283,017 in premiums); Pawtucket (15 employer plans, $5.2M in premiums). 4 Rhode Island 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 Rhode Island 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.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.