Massachusetts Medical Societybenefits

Massachusetts Medical Society's benefits plans covered 445 active participants in 2024, providing health · life · vision · long-term disability · other. Insurance premiums totaled $11,229,764. Insurance brokers and agents were paid $234,114 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.1% of premiums. That is $526 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 36% from $171,600 in 2023.