Vba Benefits Corporationbenefits

Vba Benefits Corporation's benefits plans covered 5,666 active participants in 2024, providing health · life · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $536,306. Insurance brokers and agents were paid $158,093 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 29.5% of premiums. That is $28 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 83% from $86,172 in 2023.