Daemen Universitybenefits

Daemen University's benefits plans covered 402 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $5,210,644. Insurance brokers and agents were paid $132,089 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.5% of premiums. That is $329 per covered person, above the median for employer plans that report broker pay. Broker pay fell 14% from $153,054 in 2023.