Kares Management, Inc.benefits

Kares Management, Inc.'s benefits plans covered 163 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,433,814. Insurance brokers and agents were paid $319,690 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 22.3% of premiums. That is $1,961 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 118% from $146,464 in 2023.