Gulf Coast Educators Federal Credit Unionbenefits

Gulf Coast Educators Federal Credit Union's benefits plans covered 193 active participants in 2024, providing health. Insurance premiums totaled $74,008. Insurance brokers and agents were paid $108,238 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 146.3% of premiums. That is $561 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 5.4% from $102,709 in 2023.