Schatz Benefit Group
Schatz Benefit Group is a privately held Minnesota insurance brokerage that serves individuals, families, small employers, and Education Minnesota retirees across all 87 state counties, earning carrier commissions on Medicare, ACA Marketplace, and group health plans delivered through licensed advisors.
- Company typePrivate
- Founded-
- HeadquartersBurnsville, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Schatz Benefit Group does
Schatz Benefit Group is a privately held, owner-operated insurance brokerage headquartered in Burnsville, Minnesota, with a secondary office in Stillwater. The firm is licensed to serve clients across all 87 Minnesota counties through in-person and virtual appointments, and represents 10 insurance organizations offering 86 products spanning Medicare (Parts A & B, Medicare Advantage, Medicare Supplement/Medigap, and Part D), individual and family plans (ACA Marketplace via MNsure, short-term health insurance), employer group plans (traditional group health, HRAs/ICHRAs, group dental and vision, and group Medicare options), plus add-on coverages such as individual dental and vision and travel insurance.
The firm's core technology is positioned as an insurance brokerage platform layered onto a consultative sales model; no proprietary AI, API, or SDK is disclosed. Revenue is generated through carrier commissions on placed policies, with no subscription or fee-for-service pricing disclosed to consumers. Pricing is quote-based, varying by individual circumstance and carrier selection, and the company represents multiple carriers (BlueCross BlueShield of Minnesota, HealthPartners, United Healthcare, Medica, and MNsure as a marketplace partner) enabling comparison-based recommendations.
Distribution is direct-to-consumer and small-business via licensed advisors, supported by educational workshops and webinars as a primary demand generation channel. The firm's most strategically significant commercial relationship is a 15+ year exclusive partnership with Education Minnesota ESI, under which Medica group Medicare plans are made available exclusively to retired union members through Schatz Benefit Group. The company is led by Tim Schatz (President & Owner) and a small team of approximately five named professionals, with no disclosed funding, parent company, or institutional investment.
Schatz Benefit Group firmographics
Firmographics- Name
- Schatz Benefit Group
- Legal name
- Schatz Benefit Group
- Website
- https://schatzbenefits.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Schatz Benefit Group is a privately held Minnesota insurance brokerage that serves individuals, families, small employers, and Education Minnesota retirees across all 87 state counties, earning carrier commissions on Medicare, ACA Marketplace, and group health plans delivered through licensed advisors.
- Ownership category
- akta.pro rank
Schatz Benefit Group industry classification
Industry- Product category
- Insurance Brokerage
- NAICS
- Insurance Agencies and Brokerages (524210)
- SIC
- Insurance Agents, Brokers & Service (6411), Accident & Health Insurance (6321)
- akta.pro primary industry
- MA Employer Group Waiver Plans (EGWP) (HLAEACAH)
- akta.pro secondary industries
- Large Group Health Insurance (Mid-Market & National Accounts) (FSAIAFAE), Employer-Sponsored Dental & Vision (Group) (FSAIAHAH)
Keywords
Where Schatz Benefit Group is headquartered
LocationHeadquarters
- HQ city
- Burnsville
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Schatz Benefit Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations
Revenue model
- Insurance Brokerage Commissions: The company earns commissions from insurance carriers for placing health insurance policies. They represent 10 organizations offering 86 products, earning referral or placement fees from carriers like BlueCross BlueShield, HealthPartners, United Healthcare, Medica, and MNsure.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Quote-based pricing for all insurance products |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
Schatz Benefit Group product offering
Product offeringCore offering
Schatz Benefit Group is a licensed health insurance brokerage that represents 10 insurance carriers offering 86 products in Minnesota. It provides personalized guidance and placement of Medicare plans, individual and family health plans, employer group benefits, and ancillary products such as dental, vision, and travel insurance. The firm is paid through commissions from carriers and serves clients across all 87 Minnesota counties via in-person, phone, and virtual consultations.
Product overview
Schatz Benefit Group is an insurance brokerage firm that offers a comprehensive portfolio of health insurance products and related coverage options. The core offerings span Medicare products (Original Medicare Parts A & B, Medicare Advantage, Medicare Supplement/Medigap, and Part D prescription drug plans), Individual & Family plans (ACA Marketplace and short-term health insurance), and Employer Group plans (Traditional group health, HRAs/ICHRAs, Group Medicare for retirees including exclusive Education Minnesota union plans, and Group Dental & Vision). Add-on products include Individual Dental & Vision plans and Travel Insurance. The firm serves as a licensed insurance broker representing multiple carriers and provides personalized consultation services across all 87 Minnesota counties.
Differentiator
Problem solved
Functional benefit
Products and services
- Medicare Parts A & B (Original Medicare) Guidance on Original Medicare, comprising Part A (hospital insurance) and Part B (medical insurance), covering inpatient hospital stays, skilled nursing, hospice, home health, doctor visits, outpatient care, preventive services, lab work, and durable medical equipment. For Medicare-eligible adults in Minnesota.
- Medicare Advantage Plan (Part C) All-in-one Medicare plans offered by private insurers that bundle hospital, medical, and often prescription drug coverage with extra benefits like dental, vision, hearing, and fitness programs. For Medicare-eligible adults in Minnesota.
- Medicare Supplement Plans (Medigap) Supplemental insurance plans that help cover out-of-pocket costs Original Medicare does not cover, including deductibles, copayments, and coinsurance, offering nationwide provider access. For Medicare-eligible adults in Minnesota.
- Medicare Part D Prescription Drug Plans Stand-alone prescription drug coverage plans offered by private insurance companies to help cover the cost of outpatient medications. For Medicare-eligible adults in Minnesota.
- Group Medicare Options Specialized group Medicare plans for retirees and union members, including exclusive Education Minnesota group plans with Medicare Advantage coverage, prescription drugs, and supplemental benefits. For employers, unions, and retiree groups in Minnesota.
- ACA Marketplace Plans Affordable Care Act health insurance plans available through MNsure, Minnesota's health insurance marketplace, covering essential health benefits with potential financial assistance to lower premiums. For individuals and families under 65 in Minnesota.
- Short-Term Health Insurance Temporary health coverage plans for individuals between health plans or facing coverage gaps, typically covering emergency room visits, hospital stays, and basic care for limited periods. For individuals and families under 65 in Minnesota.
- Traditional Group Health Plans Comprehensive employer health insurance plans covering hospital care, doctor visits, preventive services, prescription drugs, and mental health services for business employees. For Minnesota employers and small businesses.
- HRAs & ICHRAs Health Reimbursement Arrangements (HRAs) and Individual Coverage HRAs (ICHRAs) allowing employers to reimburse employees for qualified medical expenses or individual insurance premiums with tax-free contributions. For Minnesota employers and small businesses.
- Group Dental & Vision Plans Employer group dental and vision insurance covering preventive cleanings, exams, X-rays, fillings, crowns, root canals, eyeglasses, contact lenses, and discounts on corrective procedures. For Minnesota employers and small businesses.
- Dental & Vision Plans (Individual) Individual and family dental and vision insurance plans covering preventive care, exams, cleanings, X-rays, glasses, contacts, and discounts on corrective procedures. For individuals and families in Minnesota.
- Travel Insurance Travel insurance solutions including comprehensive travel medical insurance, trip cancellation and interruption coverage, travel delay and baggage coverage, and annual multi-trip plans. For individuals and families in Minnesota.
Quantifiable outcome
- Representing 10 organizations offering 86 products - providing broad comparison options for clients
Companies that use Schatz Benefit Group
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Schatz Benefit Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Schatz Benefit Group partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Education Minnesota ESIcoreEducation Minnesota ESI has partnered with Schatz Benefit Group for over 15 years to provide trusted Medicare insurance solutions to retired union members. These specialized Medicare health insurance options are designed specifically for union retirees and backed by personalized support from local Minnesota Medicare advisors. The partnership provides exclusive group Medicare plans (through Medica) not available to the general public.
- MedicacoreMedica is the insurance carrier providing exclusive group Medicare plans for Education Minnesota members, distributed exclusively through Schatz Benefit Group. The company offers 2026 plan comparisons with various coverage tiers and pricing.
- BlueCross BlueShield of MinnesotaminorOne of the major health insurance carriers represented by Schatz Benefit Group for various health insurance products.
- HealthPartnersminorOne of the major health insurance carriers represented by Schatz Benefit Group for various health insurance products.
- United HealthcareminorOne of the major health insurance carriers represented by Schatz Benefit Group for various health insurance products.
- MNsureminorMinnesota's official health insurance marketplace. Schatz Benefit Group helps clients navigate MNsure for ACA Marketplace plans and potential subsidies.
Scale indicators4 records
Recent moves6 records
Expansion highlights4 records
Schatz Benefit Group competitors and assessment
Company assessmentDirect peers
- Senior Market Sales: Insurance marketing organization (FMO) focused on Medicare and senior health products, supporting thousands of independent agents across the country. Comparable to Schatz because it concentrates on Medicare placement, carrier panel breadth, and agent development.
- eHealth: Public online health insurance marketplace with a large Medicare business, representing multiple carriers and offering ACA, Medicare, and ancillary products. Comparable to Schatz as a multi-carrier health insurance agency with both individual and group capabilities.
- Ritter Insurance Marketing: Insurance marketing organization specializing in Medicare and senior market products, contracted with major carriers and supporting independent agents. Comparable to Schatz due to its Medicare-centric FMO model and multi-carrier appointment strategy.
- Clearlink Partners: Sales and marketing services provider with a significant insurance vertical helping carriers and brands acquire and convert health and Medicare customers. Comparable to Schatz as a peer in the insurance distribution ecosystem, though at a much larger scale and with a digital-first approach.
- SelectQuote: Public direct-to-consumer insurance brokerage specializing in senior life, Medicare, health, and auto coverage through a phone- and digital-led model. Comparable to Schatz due to its Medicare-centric brokerage model and broad carrier panel.
- GoHealth: Public Medicare-focused health insurance brokerage using a tech-enabled, agent-assisted model. Comparable to Schatz because its core business is enrolling Medicare-eligible consumers across Medicare Advantage, Supplement, and Part D plans.
- HealthCare.com (formerly Benefytt Technologies): Digital health insurance distribution platform selling individual, family, and Medicare plans through online and call-center channels. Comparable to Schatz because it distributes health insurance products as a licensed brokerage across multiple carriers.
- Healthcare Solutions Team: Insurance agency specializing in Medicare and health insurance products for individuals and families with a multi-state agent network. Comparable to Schatz because it offers a similar Medicare-focused brokerage product mix with a carrier-agnostic, consultative sales motion.
Broad incumbents
- MediaAlpha: Public customer acquisition platform powering insurance, including health and Medicare, lead and comparison marketplaces. Comparable to Schatz as a broader ecosystem participant that helps insurance agents and carriers acquire the same end customers.
Emerging players
- Highland Capital Brokerage: Insurance brokerage and FMO supporting independent agents with Medicare, life, and health products. Comparable to Schatz as a smaller-scale, agent-centric peer in the health insurance distribution value chain.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Schatz Benefit Group social profiles
Digital presenceSchatz Benefit Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Schatz Benefit Group leadership team
Management profileNumber of profiles
Profiles5 records
Schatz Benefit Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Schatz Benefit Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Schatz Benefit Group
What does Schatz Benefit Group do?
Schatz Benefit Group is a licensed health insurance brokerage that represents 10 insurance carriers offering 86 products in Minnesota. It provides personalized guidance and placement of Medicare plans, individual and family health plans, employer group benefits, and ancillary products such as dental, vision, and travel insurance. The firm is paid through commissions from carriers and serves clients across all 87 Minnesota counties via in-person, phone, and virtual consultations.
Is Schatz Benefit Group a public or private company?
Schatz Benefit Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Schatz Benefit Group founded?
Schatz Benefit Group was founded in -1. It employs 1 to 10 people.
Where is Schatz Benefit Group based?
Schatz Benefit Group is headquartered in Burnsville, United States, in the North America region.
How does Schatz Benefit Group make money?
One revenue line is on record: insurance Brokerage Commissions.
Who are Schatz Benefit Group's main competitors?
Direct peers on record are Senior Market Sales, eHealth, Ritter Insurance Marketing, Clearlink Partners, SelectQuote, GoHealth, HealthCare.com (formerly Benefytt Technologies) and Healthcare Solutions Team. MediaAlpha is listed as a broad incumbent. Highland Capital Brokerage is listed as an emerging player.
Does Schatz Benefit Group have an API?
No public API is recorded for Schatz Benefit Group.
What industry is Schatz Benefit Group in?
Schatz Benefit Group's product category is Insurance Brokerage. Its primary akta.pro industry code is HLAEACAH, MA Employer Group Waiver Plans (EGWP), with a secondary code of FSAIAFAE, Large Group Health Insurance (Mid-Market & National Accounts). Its NAICS code is 524210 and its SIC code is 6411.