The Watson Institutebenefits

The Watson Institute's benefits plans covered 508 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $225,236. Insurance brokers and agents were paid $23,947 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.6% of premiums. That is $47 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 9.1% from $26,356 in 2023.