Mark Farrah Associates (MFA), www.markfarrah.com, presents a high-level analysis of the leading employers in top business sectors, as well as the key health benefit insurers that serve them, utilizing information from MFA’s 5500 Employer Health Plus product. 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. Observations obtained from 5500 Employer Health Plus are based on 86,200 employers that indicated they had active health benefit contracts as of their most recent filings.
- Private-sector employers reported 89.7 million potential plan participants across the spectrum of all health benefit contracts.
- Manufacturing, the largest reported sector in the filings, represented 16.1% of all participants, or just over 14.4 million people.
- Walmart dominates the General Merchandise industry for Retail Trade with more than 2.2 million participants. Arkansas Blue Cross and Blue Shield is the leading health administrator for Walmart.
- Trinity Health Corporation, UPMC, and Mass General Brigham are some of the top companies that comprise the Health Care and Social Assistance sector, with nearly 5.6 million participants from over 1,200 different hospital business entities reporting.
About 5500 Employer Health Plus
MFA’s 5500 Employer Health Plus has been designed to simplify the analysis of employer health & welfare benefits including medical, dental, vision, disability and other benefits. This tool uniquely focuses on health & ancillary benefits purchased by private sector employers and the relationships employers have with contracted insurers, administrators and brokers. The user interface allows for both detailed and summary level data retrieval. Data sources include Form 5500 filings and related schedules for plans that have the indication of providing health & welfare benefits.
To read the FREE full text of "Employer-Reported Sectors Show Diverse Range of High-Performing Companies and Industries", visit the Analysis Briefs library on Mark Farrah Associates' website.
About Mark Farrah Associates (MFA)
MFA is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. Committed to simplifying analysis of health insurance business, our products include: Health Coverage Portal™, Medicare Business Online™, Medicare Benefits Analyzer™, County Health Coverage™, Health Plans USA™ and 5500 Employer Health Plus. Follow us on LinkedIn!
Also, for the latest insights about health plan enrollment trends and financial performance, visit the FREE MFA Healthcare Business Strategy Briefs on the MFA website.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240325454611/en/
Contacts
Mark Farrah Associates
Ann Marie Wolfe, amwolfe@markfarrah.com
