August 19, 2022
As large, private sector employers continue to offer health benefit packages to their employees, they are required to file an annual Form 5500. These Form 5500 submissions are unique, primary sources of information about health and welfare benefits from a non-insurer perspective. The following is a high-level snapshot of the top insurers, by enrollment in the state of Michigan, as reported in these filings, and aggregated by Mark Farrah Associates (MFA) utilizing data from MFA’s 5500 Employer Health Plus product.
About 5500 Employer Health Plus
The data used in this analysis brief was obtained from Mark Farrah Associates' 5500 Employer Health Plus. This new tool has been designed to simplify the analysis of employer health & welfare benefits including medical, dental, vision, disability, and other benefits. MFA’s 5500 Employer Health Plus 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 includes Form 5500 filings and related schedules for plans that have the indication of providing health & welfare benefits.
About Mark Farrah Associates (MFA)
Mark Farrah Associates (MFA) is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. Our product portfolio includes Health Coverage Portal™, County Health Coverage™, Medicare Business Online™, Medicare Benefits Analyzer™, Health Plans USA™, SHCE and MLR Data and 5500 Employer Health plus. For more information about these products, refer to the informational videos and brochures available under the Our Products section of the website or call 724-338-4100.
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