Board of Trustees, Ibew Local 595 Health & Welfarebenefits

Board of Trustees, Ibew Local 595 Health & Welfare's benefits plans covered 1,393 active participants in 2024, providing health · life · dental · vision · other. Insurance premiums totaled $3,321,421. Insurance brokers and agents were paid $27,140 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.8% of premiums. That is $19 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 3.0% from $26,352 in 2023.