Lake Erie Collegebenefits

Lake Erie College's benefits plans covered 122 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $1,190,994. Insurance brokers and agents were paid $11,760 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.0% of premiums. That is $96 per covered person, below the median for employer plans that report broker pay. Broker pay rose 56% from $7,548 in 2023.