Mercy Medical Centerbenefits
Mercy Hospital Group Hospital and Medical Services Agreement · CEDAR RAPIDS, IA · plan year 2024
Broker compensation reported · 2024
$196,819
Mercy Medical Center's benefits plans covered 3,363 active participants in 2024, providing health. Insurance premiums totaled $15,197,976. Insurance brokers and agents were paid $196,819 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.3% of premiums. That is $59 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 1.1% from $194,734 in 2023.
Insurance contracts · 20244
WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA · health$15.0M · 3,363 covered
VERATRUS BENEFIT SOLUTIONS · vision$238K · 1,468 covered
LINCOLN NATIONAL LIFE INSURANCE COMPANY · std ltdpremiums n/a · 1,462 covered
LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 2,275 covered
Brokers & agents paid · 20241
TRUENORTH COMPANIES$196,819
Also brokered by Truenorth Companies5
Mercycare Management, Inc. IA$192,602
Keats Manufacturing Co. IL$78,481
Overland Sheepskin Co., Inc. IA$50,272
Total Sweeteners, Inc. IL$44,604
Care Initiatives, Inc. IA$24,063
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 420698295 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.