Hope Collegebenefits

Hope College's benefits plans covered 751 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $402,447. Insurance brokers and agents were paid $54,863 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 13.6% of premiums. That is $73 per covered person, below the median for employer plans that report broker pay. Broker pay rose 36% from $40,334 in 2023.