Basic American, Inc.benefits

Basic American, Inc.'s benefits plans covered 887 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $87,957. Insurance brokers and agents were paid $3,519 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.0% of premiums. That is $4 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 21% from $4,469 in 2023.