Petiqbenefits

Petiq's benefits plans covered 875 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $8,314,198. Insurance brokers and agents were paid $300,955 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.6% of premiums. That is $344 per covered person, above the median for employer plans that report broker pay. Broker pay fell 9.2% from $331,530 in 2023.