Hospital & Medical Foundation of Paris, Inc.

Paris, IL Health careNAICS 622000

Self-funded health planPlan year 2025Renews January
732Participants0% vs. prior year
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#55 of 65Health care in ILBy participants

Overview

Hospital & Medical Foundation of Paris, Inc. sponsors a self-funded health plan that covered 732 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
732 · prior year 732
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Hospital & Medical Foundation of Paris, Inc. Welfare Benefit Plan, plan 504 (732 participants)
Broker compensation
$109K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Standard Insurance CompanyDental, Vision, Life, Short-term disability732$999K$92K
Assurity Life Insurance CompanyLife359$97K$17K

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 732 participants × $2,371 national average per member. Usually higher once dependents are counted.

$45K–$111K/ year

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

Brands with a generic available$13K–$33K
Lower-cost therapeutic alternatives$19K–$40K
Generic pricing vs. actual cost$8K–$25K
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
Hospital & Medical Foundation of Paris, Inc.
Sponsor EIN
37-0860281
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 37-0860281 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Hospital & Medical Foundation of Paris, Inc. Tax Deferred Annuity Plan
Type
Defined contribution plan
Participants
989

About this data

Source: Hospital & Medical Foundation of Paris, 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 Hospital & Medical Foundation of Paris, Inc..

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