Novartis Corporationbenefits

Novartis Corporation's benefits plans covered 13,092 active participants in 2024. Insurance premiums totaled $20,881,736. Insurance brokers and agents were paid $452,006 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.2% of premiums. That is $35 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 44% from $312,888 in 2023.