The Lexington Schoolbenefits

The Lexington School's benefits plans covered 108 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $160,155. Insurance brokers and agents were paid $280,683 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 175.3% of premiums. That is $2,599 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 4.4x the $63,275 reported for 2023.