Middle Tennessee Electric Membership Corporationbenefits

Middle Tennessee Electric Membership Corporation's benefits plans covered 526 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $592,401. Insurance brokers and agents were paid $263,053 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 44.4% of premiums. That is $500 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 14% from $230,364 in 2023.