Geriatric Services of Minnesotabenefits

Geriatric Services of Minnesota's benefits plans covered 204 active participants in 2024, providing long-term disability. Insurance premiums totaled $503,122. Insurance brokers and agents were paid $141,982 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 28.2% of premiums. That is $696 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 2.1% from $145,059 in 2023.