Boston Scientific Corporation
Overview
Boston Scientific Corporation sponsors a self-funded health plan that covered 4,776 participants in plan year 2025, down 27% 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
- 4,776 · prior year 6,561
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Boston Scientific Corporation Health Care Flexible Spending Account Plan, plan 505 (4,776 participants)
- Broker compensation
- $2.5M across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Medical, Life | 38,063 | $10.5M | $755K |
| Hartford Life and Accident | Long-term disability | 23,121 | $6.7M | $234K |
| United Healthcare Insurance Company | Hospital Indemnity Product, Critical Ill, Medical | 18,475 | $4.2M | $1.0M |
| Kaiser Foundation Health Plan Inc. | Medical, HMO | 281 | $4.2M | — |
| Eyemed Vision Care on Behalf of the Fidelity Security Life Insurance | Vision | 36,937 | $1.9M | — |
| Cigna Health and Life Insurance Company | Medical, Dental | 341 | $1.6M | $44K |
| Berkshire Life Insurance Company of America | Supplemental Disability | 695 | $1.2M | $360K |
| Massachusetts Mutual Life Insurance Company | Long-term disability | 528 | $485K | $44K |
| ComPsych | Employee Assistance Program | 20,588 | $304K | — |
| Hawaii Medical Service Association | Medical | 54 | $265K | — |
| National Union Fire Ins. Co. of Pittsburgh, PA | Accidental Death and Dismemberment | 23,167 | $16K | $24K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 4,776 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Boston Scientific Corporation
- Sponsor EIN
- 04-2695240
- Plan number
- 505
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 04-2695240 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Boston Scientific Corporation 401(k) Retirement Savings Plan
- Type
- 401(k) plan
- Participants
- 34,105
About this data
Source: Boston Scientific Corporation'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 Boston Scientific Corporation.