Alkermes Inc.benefits

Alkermes Inc.'s benefits plans covered 1,632 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $40,004,538. Insurance brokers and agents were paid $308,463 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.8% of premiums. That is $189 per covered person, above the median for employer plans that report broker pay. Broker pay fell 4.0% from $321,303 in 2023.