Lotusworks, Incbenefits

Lotusworks, Inc's benefits plans covered 306 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $3,799,966. Insurance brokers and agents were paid $149,622 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.9% of premiums. That is $489 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 26% from $118,342 in 2023.