Covenant Healthbenefits

Covenant Health's benefits plans covered 10,361 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $4,576,827. Insurance brokers and agents were paid $1,030,443 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 22.5% of premiums. That is $99 per covered person, below the median for employer plans that report broker pay. Broker pay fell 8.3% from $1,123,496 in 2023.