Innova Solutions, Inc.benefits

Innova Solutions, Inc.'s benefits plans covered 2,679 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,137,407. Insurance brokers and agents were paid $257,687 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 22.7% of premiums. That is $96 per covered person, below the median for employer plans that report broker pay. Broker pay fell 60% from $652,138 in 2023.