Lakewood Health Systembenefits

Lakewood Health System's benefits plans covered 450 active participants in 2024, providing health · life · dental · short-term disability · long-term disability · death benefits. Insurance premiums totaled $455,880. Insurance brokers and agents were paid $45,882 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.1% of premiums. That is $102 per covered person, below the median for employer plans that report broker pay. Broker pay rose 44% from $31,841 in 2023.