Hydra Service, Inc.benefits

Hydra Service, Inc.'s benefits plans covered 136 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,424,468. Insurance brokers and agents were paid $81,566 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.7% of premiums. That is $600 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 4.8% from $77,864 in 2023.