Board of Trustees Ibew Local 56 Health and Welfare Planbenefits

Board of Trustees Ibew Local 56 Health and Welfare Plan's benefits plan covered 227 active participants in 2023, providing health · vision · short-term disability. Insurance premiums totaled $39,755. Insurance brokers and agents were paid $30,565 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 76.9% of premiums. That is $135 per covered person, below the median for employer plans that report broker pay.