Midwest America Federal Credit Unionbenefits

Midwest America Federal Credit Union's benefits plans covered 190 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $105,145. Insurance brokers and agents were paid $45,746 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 43.5% of premiums. That is $241 per covered person, above the median for employer plans that report broker pay. Broker pay fell 7.1% from $49,243 in 2023.