Versabar, Inc.benefits

Versabar, Inc.'s benefits plans covered 297 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $219,987. Insurance brokers and agents were paid $197,579 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 89.8% of premiums. That is $665 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 37% from $144,662 in 2023.