Myomo, Inc.benefits

Myomo, Inc.'s benefits plan covered 177 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,002,745. Insurance brokers and agents were paid $65,559 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.5% of premiums. That is $370 per covered person, above the median for employer plans that report broker pay.