The Ibew Local 1377 Eligible Ford Retirees Veba Trustbenefits

The Ibew Local 1377 Eligible Ford Retirees Veba Trust's benefits plan covered 40 active participants in 2023, providing health · dental · vision. Insurance premiums totaled $103,325. Insurance brokers and agents were paid $72 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.1% of premiums. That is $2 per covered person, in the bottom quarter of employer plans that report broker pay.