Smartbenefits

Smart's benefits plans covered 42,032 active participants in 2024, providing short-term disability. Insurance brokers and agents were paid $1,358,102 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $32 per covered person, in the bottom quarter of employer plans that report broker pay. Brokers were paid 3.5x the $384,805 reported for 2023.