Old Colony Ybenefits

Old Colony Y's benefits plans covered 594 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $5,376,456. Insurance brokers and agents were paid $164,772 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.1% of premiums. That is $277 per covered person, above the median for employer plans that report broker pay. Broker pay rose 16% from $142,478 in 2023.