Board of Trustees of the Ibew Local 25 Health & Benefit Fundbenefits

Board of Trustees of the Ibew Local 25 Health & Benefit Fund's benefits plans covered 1,596 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $240,973. Insurance brokers and agents were paid $48,088 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 20.0% of premiums. That is $30 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 22% from $39,262 in 2023.