Simpson Senior Servicesbenefits

Simpson Senior Services's benefits plans covered 291 active participants in 2024, providing health · life · short-term disability · long-term disability · death benefits. Insurance premiums totaled $2,316,660. Insurance brokers and agents were paid $146,456 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.3% of premiums. That is $503 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 8.4% from $135,103 in 2023.