A Brief Analysis of Private Sector Health Insurance Business

April 20, 2021   A Brief Analysis of Private Sector Health Insurance Business   Large, private-sector employers, i.e., companies not owned or operated by the government, have long been an attractive target for health insurance business. There are approximately 133,000 large firms in the private sector, employing 100 upwards to more than 1,000 employees, per the U.S. Bureau of Labor Statistics. The majority offer health and welfare benefits that provide medical, dental, and vision coverage as well as life and disability benefits for their employees. Large private-sector employers providing health and welfare benefit plans subject to ERISA are required to file the annual Form 5500 with the Internal Revenue Service. Form 5500 is a primary source of employer information about health and welfare benefits as well as pension plans. This brief presents a high-level overview of health benefit insights gleaned from 5500 Employer Health Plus product. These observations are based on 70,878 employers that indicated they had active health benefit contracts as of their most recent filings.

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