Hoveround Corporationbenefits

Hoveround Corporation's benefits plans covered 115 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,212,827. Insurance brokers and agents were paid $56,298 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.6% of premiums. That is $490 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 4.9% from $53,691 in 2023.