Physician practices in Minnesota
PlanOptica tracks 76 health and welfare plans sponsored by 47 physician practices in Minnesota, covering 114,348 participants and $154M in reported insurance premiums (plan year 2024 to 2025 filings). The median plan has 166 participants, and the most common size is 100 to 249 participants (63% of plans). The funding mix is split: 47% of plans are self-funded or mixed and the rest are mainly fully insured.
Prudential Insurance Company of America leads by premium with a 44% share, followed by Medica Insurance Company at 17%. Usi Insurance Services LLC is the broker of record on 20 plans, more than any other firm, ahead of North Risk Partners LLC (13). 83% of plans report broker compensation on Schedule A; the median brokered plan pays $36K a year, about 7.9% of premium. Minneapolis, Plymouth and Edina have the most plans.
Funding mix
- Fully insured40 · 53%
- Mixed24 · 32%
- Self-funded12 · 16%
Plan size (participants)
- Under 1008 · 11%
- 100 to 24948 · 63%
- 250 to 4999 · 12%
- 500 to 9993 · 4%
- 1,000 or more8 · 11%
Median plan: 166 participants. Median broker comp: 7.9% of premium across 63 brokered plans.
Top carriers, physicians, Minnesota
- 1Prudential Insurance Company of America$68M1 plans · 44.5%
- 2Medica Insurance Company$26M11 plans · 17.0%
- 3Unum Life Insurance Company of America$12M14 plans · 8.1%
- 4Blue Cross and Blue Shield of Minnesota and Blue Plus$12M5 plans · 8.0%
- 5Fidelity Security Life Insurance Company$6.5M3 plans · 4.2%
- 6Allina Health and Aetna Insurance$4.3M3 plans · 2.8%
- 7Healthpartners Insurance Company$3.9M6 plans · 2.5%
- 8Arag Insurance Company$3.7M1 plans · 2.4%
- 9Standard Insurance Company$3.3M12 plans · 2.2%
- 10United Healthcare Insurance Company$3.0M1 plans · 1.9%
Top brokers, physicians, Minnesota
- 1Usi Insurance Services LLC20 plans$825K comp · 31.7%
- 2North Risk Partners LLC13 plans$640K comp · 20.6%
- 3Marsh & McLennan Agency LLC7 plans$250K comp · 11.1%
- 4Lockton Companies, LLC7 plans$245K comp · 11.1%
- 5Superior Benefit Advisors LLC7 plans$156K comp · 11.1%
- 6Hays Companies Inc6 plans$134K comp · 9.5%
- 7Emerson Rogers, LLC5 plans$24K comp · 7.9%
- 8Brown & Brown Strategic Non-Medical4 plans$2.3M comp · 6.3%
- 9Christensen Group Insurance4 plans$261K comp · 6.3%
- 10Mgis4 plans$660 comp · 6.3%
Largest physician practices in Minnesota
| Employer / plan | City | Funding | Participants | Premium | Primary carrier |
|---|---|---|---|---|---|
| Mayo Clinic Mayo Clinic Health & Welfare Benefits PlanAll plans | Rochester | Mixed | 86,692 | $79M | Prudential Insurance Company of America |
| University of Minnesota Physicians University of Minnesota Physicians Health and Welfare Wrap Benefit PlanAll plans | Minneapolis | Mixed | 3,585 | $5.0M | Unum Life Insurance Company of America |
| Revo Health/Infinite Health Collaborative Revo Health, LLC/Infinite Health Collaborative, P.A. (I-Health) Cafeteria PlanAll plans | Bloomington | Mixed | 2,576 | $4.1M | Unum Life Insurance Company of America |
| Mngi Digestive Health, P.A Mngi Digestive Health, P.A. Employee Welfare Benefit PlanAll plans | Minneapolis | Mixed | 1,206 | $985K | The Lincoln National Life Insurance Company |
| Mankato Clinic Ltd Mankato Clinic, Ltd. 401(k) Profit Sharing PlanAll plans | Mankato | Self-funded | 1,198 | - | - |
| Summit Orthopedics, Ltd Summit Health and Welfare PlanAll plans | Woodbury | Mixed | 1,046 | $1.6M | Reliance Standard Life Insurance Company |
| Fairview Health Services Grand Itasca Clinic & Hospital 401(k) Plan and TrustAll plans | Grand Rapids | Mixed | 1,017 | - | Metropolitan Life Insurance Company |
| Midwest Radiology, P.A Midwest Radiology P.A. Profit Sharing PlanAll plans | Roseville | Self-funded | 564 | - | - |
| Emergency Physicians Professional Assoc Emergency Physicians Professional Association Welfare PlanAll plans | Bloomington | Mixed | 382 | $2.1M | Unum Life Insurance Company of America |
| Metropolitan Anesthesia Network Metropolitan Anesthesia Network Employee Health PlanAll plans | Plymouth | Fully insured | 349 | $7.2M | Medica Insurance Company |
| Minnesota Urology P.A Minnesota Urology P.A. Health and Welfare PlanAll plans | Woodbury | Mixed | 311 | $3.3M | United Healthcare Insurance Company |
| Family Healthservices Minnesota, PA Family Healthservices Minnesota, P.A. Flexible Benefits PlanAll plans | St. Paul | Fully insured | 294 | $416K | The Lincoln National Life Insurance Company |
| Stillwater Medical Group Stillwater Medical Group Welfare Wrap PlanAll plans | Minneapolis | Self-funded | 287 | - | - |
| Metropolitan Cardiac Services Inc Metropolitan Cardiology Health and Welfare PlanAll plans | Minneapolis | Mixed | 273 | $3.8M | Blue Cross of California |
| Retina Minnesota Mso, LLC Retina Consultants Minnesota Mso LLC Comprehensive Health & Welfare Benefits PlanAll plans | Minneapolis | Mixed | 261 | $49K | Unum Life Insurance Company of America |
Showing 15 of 47 employers. Filter the full list by size, funding, carrier and broker.
Plans by city in Minnesota
- Minneapolis17 plans · 7,498 participants
- Plymouth9 plans · 1,456 participants
- Edina8 plans · 1,249 participants
- Bloomington6 plans · 3,180 participants
- Roseville6 plans · 1,264 participants
- Sartell6 plans · 732 participants
- Woodbury5 plans · 1,859 participants
- Mankato3 plans · 2,140 participants
- Rochester2 plans · 91,118 participants
- Grand Rapids2 plans · 1,717 participants
- St. Paul2 plans · 504 participants
- Waconia2 plans · 330 participants
Frequently asked questions
How many physician practices in Minnesota offer an ERISA health plan?
76 health and welfare plans from 47 physician practices in Minnesota appear in plan year 2024 to 2025 filings on Form 5500, covering 114,348 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 Minnesota?
By Schedule A premium: Prudential Insurance Company of America (44% of premium, 1 plan), Medica Insurance Company (17% of premium, 11 plans) and Unum Life Insurance Company of America (8% of premium, 14 plans).
Which benefits brokers work with physician practices in Minnesota?
By number of client plans: Usi Insurance Services LLC (20 plans), North Risk Partners LLC (13 plans) and Marsh & McLennan Agency LLC (7 plans). 83% of plans report a broker.
How much do brokers earn on physician practices health plans in Minnesota?
The median brokered plan reports $36K a year in broker commissions and fees, or 7.9% of premium. Figures come from Schedule A, Part I.
Are physician practices health plans in Minnesota self-funded or fully insured?
Fully insured 53%, mixed 32% and self-funded 16%. Self-funded and mixed plans together make up 47%.
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 Minnesota
Open the welfare search with Minnesota 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 Minnesota
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 Minnesota.