Praxis Precision Medicines, Inc.benefits

Praxis Precision Medicines, Inc.'s benefits plans covered 102 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,042,491. Insurance brokers and agents were paid $58,924 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.9% of premiums. That is $578 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 3.0x the $19,417 reported for 2023.