Westminster Servicesbenefits

Westminster Services's benefits plans covered 1,890 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $8,573,511. Insurance brokers and agents were paid $416,471 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.9% of premiums. That is $220 per covered person, above the median for employer plans that report broker pay. Broker pay rose 16% from $358,491 in 2023.