University of Montevallobenefits

University of Montevallo's benefits plans covered 551 active participants in 2024, providing health · life · dental · vision · long-term disability. Insurance premiums totaled $5,751,011. Insurance brokers and agents were paid $45,991 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.8% of premiums. That is $83 per covered person, below the median for employer plans that report broker pay. Broker pay rose 6.7% from $43,117 in 2023.