Movate Inc.benefits

Movate Inc.'s benefits plans covered 677 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,651,490. Insurance brokers and agents were paid $167,567 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.1% of premiums. That is $248 per covered person, above the median for employer plans that report broker pay. Broker pay rose 39% from $120,551 in 2023.