BMH, Inc.

Blackfoot, ID Health careNAICS 622000

Self-funded health planPlan year 2024Renews October
835ParticipantsFirst year on file
$2.0MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#4 of 8Health care in IDBy participants

Overview

BMH, Inc. sponsors a self-funded health plan that covered 835 participants in plan year 2024. The plan year starts in October. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
835
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Bingham Memorial Employee HRA Plan, plan 503 (835 participants)
Broker compensation
$201K across insured contracts
MedicalLife insuranceDentalVisionLong-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Berkshire Hathaway Specialty Insurance PlanMedical709$784K—
Reliance Standard Life Insurance CompanyLife832$612K$109K
Blue Cross of IdahoMedical, Vision2,010—$92K

Pharmacy benefit estimate

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

$2.0M/ year

Estimated prescription spend: 835 participants × $2,371 national average per member. Usually higher once dependents are counted.

$51K–$127K/ year

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

Brands with a generic available$15K–$38K
Lower-cost therapeutic alternatives$22K–$46K
Generic pricing vs. actual cost$10K–$29K
PBM contract terms$5K–$15K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning October 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
BMH, Inc.
Sponsor EIN
20-5126945
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 20-5126945 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
BMH, Inc. Retirement Plan
Type
401(k) plan
Participants
1,034

About this data

Source: BMH, Inc.'s Form 5500 filing for plan year 2024 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 BMH, Inc..

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