Steelworkers Health and Welfare Fundbenefits

Steelworkers Health and Welfare Fund's benefits plans covered 51,221 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $10,288,229. Insurance brokers and agents were paid $725,746 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.1% of premiums. That is $14 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 96% from $17,973,571 in 2023.