Board of Trustees, Ibew Local 234 Health and Welfarebenefits

Board of Trustees, Ibew Local 234 Health and Welfare's benefits plans covered 266 active participants in 2024, providing health · life · dental · vision · other. Insurance premiums totaled $37,734. Insurance brokers and agents were paid $30,093 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 79.8% of premiums. That is $113 per covered person, below the median for employer plans that report broker pay. Broker pay fell 70% from $99,870 in 2023.