What is a standard commission fee for an insurance broker?

Question

If a company pays $70,000 a month for its employee health insurance premium, what would a standard broker commission be?

Answer 1

$70,000 per MONTH is a ton of money for health insurance.  I'm guessing the group has well over 100 people.

Aetna in my area would probably pay 3%, because the group would be paying $840,000 per year in premium (the more the group pays in premium a year, the less % producers get).

Thus, the producer would get paid $2,100 dollars per month from Aetna for being the agent of record for you company.

There's hundreds of insurance companies though.  Commission is probably anywhere from 1-5%, or $700-$3500 per month in commission.