Nichols Collegebenefits

Nichols College's benefits plans covered 140 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $2,520,428. Insurance brokers and agents were paid $42,785 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.7% of premiums. That is $306 per covered person, above the median for employer plans that report broker pay. Broker pay fell 48% from $82,940 in 2023.