Freedompay, Incbenefits

Freedompay, Inc's benefits plans covered 509 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $5,914,763. Insurance brokers and agents were paid $158,185 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.7% of premiums. That is $311 per covered person, above the median for employer plans that report broker pay. Broker pay fell 54% from $345,572 in 2023.