Prospect Medical Holdings, Inc.benefits

Prospect Medical Holdings, Inc.'s benefits plans covered 9,651 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $5,703,732. Insurance brokers and agents were paid $741,686 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 13.0% of premiums. That is $77 per covered person, below the median for employer plans that report broker pay. Broker pay rose 12% from $661,779 in 2023.