Poly-Med, Inc.benefits

Poly-Med, Inc.'s benefits plans covered 220 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $3,187,356. Insurance brokers and agents were paid $380,874 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 11.9% of premiums. That is $1,731 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 9.2x the $41,613 reported for 2023.