Torrance Health Associationbenefits

Torrance Health Association's benefits plans covered 4,857 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $38,069,727. Insurance brokers and agents were paid $585,769 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.5% of premiums. That is $121 per covered person, below the median for employer plans that report broker pay. Broker pay rose 15% from $511,163 in 2023.