Iron Workers Locals 549 & 550 Medical & Benefit Planbenefits

Iron Workers Locals 549 & 550 Medical & Benefit Plan's benefits plans covered 542 active participants in 2024, providing health · dental. Insurance premiums totaled $1,053,232. Insurance brokers and agents were paid $1,538 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.1% of premiums. That is $3 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 92% from $20,040 in 2023.