Physician practices in Indiana
PlanOptica tracks 68 health and welfare plans sponsored by 55 physician practices in Indiana, covering 11,783 participants and $44M in reported insurance premiums (plan year 2024 to 2025 filings). The median plan has 133 participants, and the most common size is 100 to 249 participants (44% of plans). Most of these plans are self-funded or mixed (69%), so stop-loss and TPA relationships matter as much as the medical carrier.
Anthem Insurance Companies, Inc leads by premium with a 36% share, followed by Unitedhealthcare Insurance Company at 16%. Hylant Group, Inc is the broker of record on 10 plans, more than any other firm, ahead of NFP Insurance Services, Inc (8). 69% of plans report broker compensation on Schedule A; the median brokered plan pays $38K a year, about 10.3% of premium. Indianapolis, Fort Wayne and Greenwood have the most plans.
Funding mix
- Mixed27 · 40%
- Fully insured20 · 29%
- Self-funded20 · 29%
- Unknown1 · 1%
Plan size (participants)
- Under 10023 · 34%
- 100 to 24930 · 44%
- 250 to 49911 · 16%
- 500 to 9992 · 3%
- 1,000 or more2 · 3%
Median plan: 133 participants. Median broker comp: 10.3% of premium across 47 brokered plans.
Top carriers, physicians, Indiana
- 1Anthem Insurance Companies, Inc$16M7 plans · 36.3%
- 2Unitedhealthcare Insurance Company$7.1M4 plans · 16.1%
- 3United Healthcare Insurance Company$4.5M4 plans · 10.2%
- 4The Lincoln National Life Insurance Company$2.0M9 plans · 4.6%
- 5Sun Life Assurance Company of Canada$1.9M6 plans · 4.3%
- 6Reliance Matrix$1.4M6 plans · 3.2%
- 7Delta Dental of Indiana$1.3M7 plans · 3.0%
- 8Companion Life Insurance Company$1.3M3 plans · 2.9%
- 9Guardian$1.2M3 plans · 2.8%
- 10Health Resources Inc$899K5 plans · 2.0%
Top brokers, physicians, Indiana
- 1Hylant Group, Inc10 plans$377K comp · 21.3%
- 2NFP Insurance Services, Inc8 plans$12K comp · 17.0%
- 3Gregory & Appel, Inc6 plans$118K comp · 12.8%
- 4Watchtower Technologies, Inc6 plans$13K comp · 12.8%
- 5Mgis6 plans$1K comp · 12.8%
- 6Gallagher Benefit Services, Inc5 plans$207K comp · 10.6%
- 7Clippinger Financial Group, LLC5 plans$127K comp · 10.6%
- 8Shepherd Insurance, LLC4 plans$109K comp · 8.5%
- 9First Person, Inc4 plans$31K comp · 8.5%
- 10Hub International Midwest Limited3 plans$75K comp · 6.4%
Largest physician practices in Indiana
| Employer / plan | City | Funding | Participants | Premium | Primary carrier |
|---|---|---|---|---|---|
| Nwa-Ech Health Plan Trust Nwa-Ech Health PlanAll plans | Crown Point | Mixed | 1,057 | $433K | Delta Dental of California |
| Orthopaedics-Indianapolis LLC Orthopaedics-Indianapolis, Inc. Welfare Benefit PlanAll plans | Indianapolis | Mixed | 1,054 | $1.5M | The Lincoln National Life Insurance Company |
| Northshore Health Centers, Inc Northshore Health Centers Employee Benefit PlanAll plans | Portage | Mixed | 566 | $1.9M | The Guardian Life Insurance Company of America |
| Healthlinc, Inc Healthlinc, Inc. Welfare Benefit PlanAll plans | Valparaiso | Mixed | 558 | $687K | Sun Life Assurance Company of Canada |
| Kodiak Solutions LLC Kodiak Solutions Welfare Benefits PlanAll plans | Indianapolis | Fully insured | 421 | $5.4M | Anthem Life Insurance Company |
| Orthopaedics Northeast, PC Orthopaedics Northeast, PC Employee Group Health PlanAll plans | Fort Wayne | Mixed | 331 | $934K | Companion Life Insurance Company |
| Jane Pauley Community Health Center Jane Pauley Community Health Center, Inc. Health & Welfare PlanAll plans | Indianapolis | Fully insured | 319 | $4.7M | Anthem Life Insurance Company |
| Indiana Spine Group Indiana Spine Group Welfare Benefits PlanAll plans | Carmel | Fully insured | 297 | $9.1M | Unitedhealthcare Insurance Company |
| Unity Healthcare, LLC Unity Healthcare, LLC Flexible Benefit PlanAll plans | Lafayette | Mixed | 288 | $341K | Reliance Standard Life Insurance Company |
| First Urology, PSC First Urology, PSC Welfare Benefit PlanAll plans | Jeffersonville | Fully insured | 271 | $2.7M | Unitedhealthcare Insurance Company |
| Lakeshore Bone & Joint Institute Lakeshore Bone & Joint Institute Employee Benefits PlanAll plans | Chesterton | Mixed | 259 | $398K | United of Omaha Life Insurance Company |
| Innovative Hematology, Inc Innovative Hematology, Inc. Welfare Benefit PlanAll plans | Indianapolis | Mixed | 257 | $590K | Reliance Standard Life Insurance Company |
| Forte Sports Medicine and Orthopedics Dba Methodist Sports Medicine Ce Forte Sports Medicine and Orthopedics Dba Methodist Sports Medicine Health and Welfare PlanAll plans | Carmel | Mixed | 255 | $763K | Companion Life Insurance Company |
| Eskenazi Medical Group, Inc Eskenazi Medical Group, Inc. Welfare Benefit PlanAll plans | Indianapolis | Mixed | 255 | $387K | The Lincoln National Life Insurance Company |
| Indiana Internal Medicine Consultants, LLC Iimc Welfare PlanAll plans | Greenwood | Mixed | 254 | $465K | Sun Life Assurance Company of Canada |
Showing 15 of 55 employers. Filter the full list by size, funding, carrier and broker.
Plans by city in Indiana
- Indianapolis19 plans · 4,013 participants
- Fort Wayne11 plans · 1,315 participants
- Greenwood6 plans · 783 participants
- Evansville5 plans · 724 participants
- Carmel4 plans · 922 participants
- Valparaiso3 plans · 558 participants
- Terre Haute3 plans · 173 participants
- Jeffersonville2 plans · 271 participants
- South Bend2 plans · 130 participants
- Crown Point1 plans · 1,057 participants
- Portage1 plans · 566 participants
- Lafayette1 plans · 288 participants
Frequently asked questions
How many physician practices in Indiana offer an ERISA health plan?
68 health and welfare plans from 55 physician practices in Indiana appear in plan year 2024 to 2025 filings on Form 5500, covering 11,783 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 physician practices in Indiana?
By Schedule A premium: Anthem Insurance Companies, Inc (36% of premium, 7 plans), Unitedhealthcare Insurance Company (16% of premium, 4 plans) and United Healthcare Insurance Company (10% of premium, 4 plans).
Which benefits brokers work with physician practices in Indiana?
By number of client plans: Hylant Group, Inc (10 plans), NFP Insurance Services, Inc (8 plans) and Gregory & Appel, Inc (6 plans). 69% of plans report a broker.
How much do brokers earn on physician practices health plans in Indiana?
The median brokered plan reports $38K a year in broker commissions and fees, or 10.3% of premium. Figures come from Schedule A, Part I.
Are physician practices health plans in Indiana self-funded or fully insured?
Mixed 40%, fully insured 29% and self-funded 29%. Self-funded and mixed plans together make up 69%.
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 physicians (NAICS 621111) and of mental health physicians (621112).
Prospect physician practices in Indiana
Open the welfare search with Indiana and this sector prefilled. Narrow by participants, funding type, carrier, broker and broker compensation, then save the view or export it.
Physicians in nearby states
Other healthcare specialties in Indiana
Source: U.S. Department of Labor Form 5500 and Schedule A, latest filing per plan (plan years 2024-2025). Offices of physicians (NAICS 621111) and of mental health physicians (621112). Location is the sponsor's filing address in Indiana.