Tower Healthbenefits

Tower Health's benefits plans covered 7,746 active participants in 2024, providing health · dental · vision · other. Insurance premiums totaled $1,136,020. Insurance brokers and agents were paid $349,204 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 30.7% of premiums. That is $45 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 84% from $189,833 in 2023.