Hope Gas, Inc.

Morgantown, WV UtilitiesNAICS 221210

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
710Participants+41% vs. prior year
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 1Utilities in WVBy participants

Overview

Hope Gas, Inc. sponsors a self-funded health plan that covered 710 participants in plan year 2025, up 41% from the prior year. 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
710 · prior year 505
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Hope Gas Health and Welfare Benefit Plan, plan 501 (710 participants); Hope Gas, Inc. Postretirement Medical and Life Insurance Plan Benefits, plan 502 (557 participants)
Stop-loss carrier
Community Insurance Company
Broker compensation
$124K 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
United of Omaha Life Insurance CompanyDental, Vision, Life, Long-term disability619$1.2M$111K
Berkley Life and Health Insurance Co.Medical, Life53$197K$8K
Metropolitan Life Insurance CompanyLife134$157K—
Teladoc Health, Inc.Telehealth1,485$33K$5K
ComPsych CorporationEmployee Assistance Program710$18K—
Community Insurance CompanyStop-loss1,673$11K—
Zurich American Insurance CompanyBusiness Travel Accident710$5K$773

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 710 participants × $2,371 national average per member. Usually higher once dependents are counted.

$44K–$108K/ year

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

Brands with a generic available$13K–$32K
Lower-cost therapeutic alternatives$19K–$39K
Generic pricing vs. actual cost$8K–$24K
PBM contract terms$4K–$13K
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
Hope Gas, Inc.
Sponsor EIN
55-0196830
Plan numbers
501, 502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 55-0196830 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Hope Gas Pension Plan
Type
Pension plan
Participants
701

About this data

Source: Hope Gas, Inc.'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 Hope Gas, Inc..

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