Boone Newsmedia, Inc.benefits

Boone Newsmedia, Inc.'s benefits plans covered 375 active participants in 2024, providing health · life · dental · short-term disability · long-term disability. Insurance premiums totaled $1,657,726. Insurance brokers and agents were paid $146,386 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.8% of premiums. That is $390 per covered person, above the median for employer plans that report broker pay. Brokers were paid 3.6x the $40,467 reported for 2023.