Bioprocure, Inc.benefits

Bioprocure, Inc.'s benefits plan covered 180 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,263,877. Insurance brokers and agents were paid $69,844 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.5% of premiums. That is $388 per covered person, above the median for employer plans that report broker pay.