Southcoast Hospitals Group, Inc.benefits

Southcoast Hospitals Group, Inc.'s benefits plans covered 8,982 active participants in 2024, providing health · life · dental · short-term disability · long-term disability · death benefits. Insurance premiums totaled $655,644. Insurance brokers and agents were paid $625,031 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 95.3% of premiums. That is $70 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 2.3% from $610,845 in 2023.