Payer Matrix LLCbenefits

Payer Matrix LLC's benefits plans covered 207 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,927,838. Insurance brokers and agents were paid $217,396 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.4% of premiums. That is $1,050 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 13% from $191,895 in 2023.