Otics USA, Inc.benefits

Otics USA, Inc.'s benefits plans covered 452 active participants in 2024, providing health · life · short-term disability · long-term disability · dental · vision. Insurance premiums totaled $3,882,123. Insurance brokers and agents were paid $206,690 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.3% of premiums. That is $457 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 12% from $184,136 in 2023.