Novacoast, Inc.benefits

Novacoast, Inc.'s benefits plans covered 286 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $2,311,465. Insurance brokers and agents were paid $10,907 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.5% of premiums. That is $38 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 37% from $7,978 in 2023.