Spartanburg Methodist Collegebenefits

Spartanburg Methodist College's benefits plans covered 176 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $1,242,019. Insurance brokers and agents were paid $71,810 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.8% of premiums. That is $408 per covered person, above the median for employer plans that report broker pay. Broker pay fell 11% from $80,805 in 2023.