Illinois Institute of Technologybenefits

Illinois Institute of Technology's benefits plans covered 1,063 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $10,567,074. Insurance brokers and agents were paid $177,763 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.7% of premiums. That is $167 per covered person, below the median for employer plans that report broker pay. Broker pay rose 16% from $153,841 in 2023.