Albion Collegebenefits

Albion College's benefits plan covered 367 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $142,386. Insurance brokers and agents were paid $20,137 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 14.1% of premiums. That is $55 per covered person, in the bottom quarter of employer plans that report broker pay.