Fairview Range Regional Health Services

Hibbing, MN Health careNAICS 622000

Self-funded health planPlan year 2025Renews January
760Participants+2% vs. prior year
$1.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#39 of 50Health care in MNBy participants

Overview

Fairview Range Regional Health Services sponsors a self-funded health plan that covered 760 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
760 · prior year 746
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Fairview Range Regional Health Services, plan 503 (760 participants)
Stop-loss carrier
Sun Life Assurance Company of Canada; Sun Life Assurance Company of Canada
Broker compensation
$53K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Sun Life Assurance Company of CanadaStop-loss556$886K$21K
Unum Life Insurance Company of AmericaLife, Long-term disability, Short-term disability900$582K$17K
Unum Insurance CompanyAccident, Critical Illness, Hospital Indemnity238$64K$14K
Vision Service PlanVision407$27K$797
Arag Insurance CompanyLegal Services Plan Memberships66$7K$937

Pharmacy benefit estimate

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

$1.8M/ year

Estimated prescription spend: 760 participants × $2,371 national average per member. Usually higher once dependents are counted.

$47K–$116K/ year

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

Brands with a generic available$14K–$34K
Lower-cost therapeutic alternatives$20K–$42K
Generic pricing vs. actual cost$9K–$26K
PBM contract terms$5K–$14K
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
Fairview Range Regional Health Services
Sponsor EIN
41-1293970
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 41-1293970 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Fairview Range Regional Health Services 403b Plan
Type
Defined contribution plan
Participants
1,380

About this data

Source: Fairview Range Regional Health Services'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 Fairview Range Regional Health Services.

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