Banyan Medical Systems, LLCbenefits

Banyan Medical Systems, LLC's benefits plans covered 415 active participants in 2023, providing short-term disability · life. Insurance premiums totaled $149,099. Insurance brokers and agents were paid $157,730 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 105.8% of premiums. That is $380 per covered person, above the median for employer plans that report broker pay.