Banyan Medical Solutions, LLCbenefits

Banyan Medical Solutions, LLC's benefits plan covered 352 active participants in 2024, providing health · life · dental · long-term disability · short-term disability. Insurance premiums totaled $5,051,231. Insurance brokers and agents were paid $1,047,325 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 20.7% of premiums. That is $2,975 per covered person, in the top 10% of employer plans that report broker pay.