Optometry practices in Illinois
PlanOptica tracks 4 health and welfare plans sponsored by 4 optometry practices in Illinois, covering 4,144 participants and $12M in reported insurance premiums (plan year 2024 to 2025 filings). The median plan has 756 participants, and the most common size is 1,000 or more participants (50% of plans). Most of these plans are self-funded or mixed (75%), so stop-loss and TPA relationships matter as much as the medical carrier.
Blue Cross Blue Shield of Michigan dominates premium with a 52% share, followed by Blue Care Network of Michigan at 18%. Higginbotham Insurance Agency, Inc is the broker of record on 1 plan, more than any other firm, ahead of Usi Insurance Services (1). 75% of plans report broker compensation on Schedule A; the median brokered plan pays $134K a year, about 5.4% of premium. Bloomington, Chicago and Rock Island have the most plans.
Funding mix
- Mixed2 · 50%
- Fully insured1 · 25%
- Self-funded1 · 25%
Plan size (participants)
- Under 1001 · 25%
- 100 to 2491 · 25%
- 250 to 4990 · 0%
- 500 to 9990 · 0%
- 1,000 or more2 · 50%
Median plan: 756 participants. Median broker comp: 5.4% of premium across 3 brokered plans.
Top carriers, optometry, Illinois
- 1Blue Cross Blue Shield of Michigan$6.3M1 plans · 51.9%
- 2Blue Care Network of Michigan$2.2M1 plans · 17.9%
- 3Lincoln National Life Insurance Company$1.2M1 plans · 9.9%
- 4Metropolitan Life Insurance Company$1.1M1 plans · 9.4%
- 5Unum Life Insurance Company of America$638K1 plans · 5.3%
- 6Cigna Health and Life Insurance Company$288K1 plans · 2.4%
- 7United of Omaha Life Insurance Company$231K1 plans · 1.9%
- 8Vision Service Plan$173K2 plans · 1.4%
Top brokers, optometry, Illinois
Largest optometry practices in Illinois
| Employer / plan | City | Funding | Participants | Premium | Primary carrier |
|---|---|---|---|---|---|
| Imperial Optic Midco Imperial Optic Midco Health and Welfare PlanAll plans | Bloomington | Mixed | 2,618 | $2.5M | Metropolitan Life Insurance Company |
| Midwest Vision Partners Management, LLC Midwest Vision Partners, LLC Welfare Benefits PlanAll plans | Chicago | Fully insured | 1,291 | $9.4M | Blue Cross of California |
| Gailey Eye Clinic, Ltd Gailey Eye Clinic, Ltd. Health Insurance PlanAll plans | Bloomington | Mixed | 220 | $231K | United of Omaha Life Insurance Company |
| Rock Island Optometric Center, Ltd Rock Island Optometric Center, Ltd. Profit Sharing PlanAll plans | Rock Island | Self-funded | 15 | - | - |
Plans by city in Illinois
Frequently asked questions
How many optometry practices in Illinois offer an ERISA health plan?
4 health and welfare plans from 4 optometry practices in Illinois appear in plan year 2024 to 2025 filings on Form 5500, covering 4,144 participants. Plans with fewer than 100 participants that are fully insured do not have to file, so small practices are under-counted.
Which insurance carriers cover the most optometry practices in Illinois?
By Schedule A premium: Blue Cross Blue Shield of Michigan (52% of premium, 1 plan), Blue Care Network of Michigan (18% of premium, 1 plan) and Lincoln National Life Insurance Company (10% of premium, 1 plan).
Which benefits brokers work with optometry practices in Illinois?
By number of client plans: Higginbotham Insurance Agency, Inc (1 plan), Usi Insurance Services (1 plan) and Marsh & McLennan Agency LLC (1 plan). 75% of plans report a broker.
How much do brokers earn on optometry practices health plans in Illinois?
The median brokered plan reports $134K a year in broker commissions and fees, or 5.4% of premium. Figures come from Schedule A, Part I.
Are optometry practices health plans in Illinois self-funded or fully insured?
Mixed 50%, fully insured 25% and self-funded 25%. Self-funded and mixed plans together make up 75%.
Where does this data come from?
U.S. Department of Labor Form 5500 filings and their Schedule A insurance attachments, latest filing per plan. Offices of optometrists (NAICS 621320), plus healthcare employers whose name says optometry, eye care or vision center.
Prospect optometry practices in Illinois
Open the welfare search with Illinois and this sector prefilled. Narrow by participants, funding type, carrier, broker and broker compensation, then save the view or export it.
Optometry in nearby states
Other healthcare specialties in Illinois
Source: U.S. Department of Labor Form 5500 and Schedule A, latest filing per plan (plan years 2024-2025). Offices of optometrists (NAICS 621320), plus healthcare employers whose name says optometry, eye care or vision center. Location is the sponsor's filing address in Illinois.