Biomedical Applications of Arecibo, Inc.benefits

Biomedical Applications of Arecibo, Inc.'s benefits plan covered 1,017 active participants in 2024, providing health · life · dental · short-term disability · long-term disability. Insurance premiums totaled $7,988,588. Insurance brokers and agents were paid $417,736 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.2% of premiums. That is $411 per covered person, above the median for employer plans that report broker pay.