Discover Financial Servicesbenefits

Discover Financial Services's benefits plans covered 20,234 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $3,458,172. Insurance brokers and agents were paid $417,281 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 12.1% of premiums. That is $21 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 48% from $282,874 in 2023.