Northern Biomedical Research, Inc.benefits

Northern Biomedical Research, Inc.'s benefits plan covered 165 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $166,212. Insurance brokers and agents were paid $60,356 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 36.3% of premiums. That is $366 per covered person, above the median for employer plans that report broker pay.