University of Miamibenefits

University of Miami's benefits plans covered 18,594 active participants in 2024, providing life · short-term disability · long-term disability · other. Insurance premiums totaled $1,077,345. Insurance brokers and agents were paid $720,597 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 66.9% of premiums. That is $39 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 28% from $564,521 in 2023.