Bettercloudbenefits

Bettercloud's benefits plans covered 73 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,372,461. Insurance brokers and agents were paid $92,057 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.7% of premiums. That is $1,261 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 50% from $183,434 in 2023.