Bloomberg L.P.benefits

Bloomberg L.P.'s benefits plans covered 14,018 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,919,608. Insurance brokers and agents were paid $528,764 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 27.5% of premiums. That is $38 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 4.9% from $503,872 in 2023.