Hecla Mining Company

Coeur Dalene, ID Mining & energyNAICS 212200

Self-funded health planPlan year 2025Renews January
1,030ParticipantsFirst year on file
$2.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 2Mining & energy in IDBy participants

Overview

Hecla Mining Company sponsors a self-funded health plan that covered 1,030 participants in plan year 2025. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,030
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Hecla Group, plan 518 (1,030 participants)
Broker compensation
$59K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Standard Insurance CompanyLife, Long-term disability608$979K$19K
Sun Life & Health Insurance CompanyLife, Long-term disability644$531K—
Allyhealth LLCEmployee Assistance Program, Telehealth1,089$152K$30K
United Heritage Life Insurance CompanyVision980$150K—
Northwest Dental Benefits, LLCDental, HMO329$125K$9K
National Union Fire Insurance Company of Pittsburgh, PABusiness Travel Accident1,024——

Pharmacy benefit estimate

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

$2.4M/ year

Estimated prescription spend: 1,030 participants × $2,371 national average per member. Usually higher once dependents are counted.

$63K–$157K/ year

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

Brands with a generic available$19K–$46K
Lower-cost therapeutic alternatives$27K–$57K
Generic pricing vs. actual cost$12K–$35K
PBM contract terms$6K–$18K
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
Hecla Mining Company
Sponsor EIN
77-0664171
Plan number
518
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 77-0664171 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Hecla Mining Company Restated Retirement Plan
Type
Pension plan
Participants
1,824

About this data

Source: Hecla Mining Company'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 Hecla Mining Company.

Request a correction · Methodology