New England Institute of Technologybenefits

New England Institute of Technology's benefits plans covered 258 active participants in 2024, providing health · life · dental · long-term disability. Insurance premiums totaled $73,711. Insurance brokers and agents were paid $58,552 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 79.4% of premiums. That is $227 per covered person, above the median for employer plans that report broker pay. Broker pay fell 29% from $81,982 in 2023.