Ibew No 271 Neca Health & Benefit Fundbenefits

Ibew No 271 Neca Health & Benefit Fund's benefits plans covered 711 active participants in 2024, providing health · life · dental · short-term disability · death benefits. Insurance premiums totaled $2,164,431. Insurance brokers and agents were paid $18,851 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.9% of premiums. That is $27 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 25% from $15,080 in 2023.