Chevron Corporation

Houston, TX ManufacturingNAICS 324110

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
36,254Participants-1% vs. prior year
$86.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 149Manufacturing in TXBy participants

Overview

Chevron Corporation sponsors a self-funded health plan that covered 36,254 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, vision, short-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
36,254 · prior year 36,668
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Chevron Corporation Post-65 Retiree Health Reimbursement Arrangement Plan, plan 561 (36,254 participants)
Broker compensation
$966K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Securian Life Insurance CompanyLife30,758$82.7M—
Kaiser Foundation Health Plan Inc.Medical, Prescription drug, Vision, HMO3,977$52.2M—
Cigna Health and Life Insurance CompanyMedical2,336$15.6M—
Prudential Insurance Company of AmericaLife353$14.0M—
Vision Service PlanVision21,710$4.5M—
Continental American Insurance CompanyCritical Illness5,588$4.2M$745K
Metropolitan Life Insurance CompanyLong Term Care Insurance2,720$3.7M$85K
Genworth Life Insurance CompanyLong Term Care Insurance946$1.7M$135K
Delta Dental of CaliforniaDental, HMO6,989$1.2M—
Kaiser Foundation Health Plan of ColoradoMedical, Prescription drug, Vision, HMO112$856K—
Blue Cross and Blue Shield of TexasMedical, Prescription drug, Vision, HMO40$608K—
Kaiser Foundation Health Plan, Inc.Medical, Prescription drug, Vision, HMO43$424K—

Pharmacy benefit estimate

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

$86.0M/ year

Estimated prescription spend: 36,254 participants × $2,371 national average per member. Usually higher once dependents are counted.

$2.2M–$5.5M/ year

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

Brands with a generic available$653K–$1.6M
Lower-cost therapeutic alternatives$954K–$2.0M
Generic pricing vs. actual cost$413K–$1.2M
PBM contract terms$215K–$645K
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
Chevron Corporation
Sponsor EIN
94-0890210
Plan number
561
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 94-0890210 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Chevron Retirement Plan
Type
Pension plan
Participants
59,088

About this data

Source: Chevron 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 Chevron Corporation.

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