Berkshire Hathaway Specialty Insurance Company

Boston, MA Finance & insuranceNAICS 524210

Self-funded health planPlan year 2025Renews January
1,016Participants+6% vs. prior year
$2.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#11 of 20Finance & insurance in MABy participants

Overview

Berkshire Hathaway Specialty Insurance Company sponsors a self-funded health plan that covered 1,016 participants in plan year 2025, up 6% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,016 · prior year 959
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Berkshire Hathaway Specialty Insurance Benefits Plan, plan 501 (1,016 participants)
Broker compensation
$140K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
Prudential Insurance Company of AmericaLife, Long-term disability1,012$791K$133K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision1,921$104K$6K
Workplace Options LLCEmployee Assistance Program1,522$31K—
Four Ever Life Insurance CompanyBusiness Travel Accident1,015$10K$1K

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$2.4M/ year

Estimated prescription spend: 1,016 participants × $2,371 national average per member. Usually higher once dependents are counted.

$63K–$154K/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$18K–$46K
Lower-cost therapeutic alternatives$27K–$56K
Generic pricing vs. actual cost$12K–$35K
PBM contract terms$6K–$18K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
Berkshire Hathaway Specialty Insurance Company
Sponsor EIN
63-0202590
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 63-0202590 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Berkshire Hathaway Specialty Insurance Company Retirement PLA
Type
401(k) plan
Participants
1,177

About this data

Source: Berkshire Hathaway Specialty Insurance Company's Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Berkshire Hathaway Specialty Insurance Company.

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