Blue Cross & Blue Shield of Mississippi a Mutual Insurance Co.

Flowood, MS Finance & insuranceNAICS 524290

Self-funded health planPlan year 2025Renews January
871Participants+1% vs. prior year
$2.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#5 of 9Finance & insurance in MSBy participants

Overview

Blue Cross & Blue Shield of Mississippi a Mutual Insurance Co. sponsors a self-funded health plan that covered 871 participants in plan year 2025, about the same as the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, death benefits.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
871 · prior year 859
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Blue Cross & Blue Shield of MS, Inc. Employee Group Health Plan, plan 506 (871 participants); Blue Cross & Blue Shield of MS Inc. Compensation Plus Cafeteria Plan, plan 509 (504 participants)
Broker compensation
$4K across insured contracts
MedicalLife insuranceDentalDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Bluebonnet Life Insurance CompanyLife814$859K—
Zurich American Insurance CompanyAccidental Death & Dismemberment302$30K$4K
Federal Insurance CompanyAccidental Death & Dismemberment508——

Pharmacy benefit estimate

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

$2.1M/ year

Estimated prescription spend: 871 participants × $2,371 national average per member. Usually higher once dependents are counted.

$54K–$132K/ year

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

Brands with a generic available$16K–$39K
Lower-cost therapeutic alternatives$23K–$48K
Generic pricing vs. actual cost$10K–$30K
PBM contract terms$5K–$15K
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
Blue Cross & Blue Shield of Mississippi a Mutual Insurance Co.
Sponsor EIN
64-0295748
Plan numbers
506, 509
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 64-0295748 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Tax Favored Savings Program
Type
401(k) plan
Participants
735

About this data

Source: Blue Cross & Blue Shield of Mississippi a Mutual Insurance Co.'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 Blue Cross & Blue Shield of Mississippi a Mutual Insurance Co..

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