Alabama Bankers Associationbenefits

Alabama Bankers Association's benefits plans covered 766 active participants in 2024, providing health. Insurance premiums totaled $6,850,489. Insurance brokers and agents were paid $4,107 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.1% of premiums. That is $5 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 12% from $4,676 in 2023.