Cranbrook Educational Communitybenefits

Cranbrook Educational Community's benefits plans covered 492 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $555,884. Insurance brokers and agents were paid $50,192 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 9.0% of premiums. That is $102 per covered person, below the median for employer plans that report broker pay. Broker pay fell 16% from $59,938 in 2023.