Missouri Bankers Associationbenefits

Missouri Bankers Association's benefits plans covered 1,170 active participants in 2024, providing health · life · dental · long-term disability · vision · short-term disability · other. Insurance premiums totaled $308,752. Insurance brokers and agents were paid $8,449 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.7% of premiums. That is $7 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 92% from $104,710 in 2023.