Idaho Power Company

Boise, ID UtilitiesNAICS 221100

Self-funded health planPlan year 2025Renews January
3,453Participants+2% vs. prior year
$8.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 1Utilities in IDBy participants

Overview

Idaho Power Company sponsors a self-funded health plan that covered 3,453 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, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
3,453 · prior year 3,398
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Idaho Power Company Inactive Group Health Plan, plan 514 (3,453 participants); Idaho Power Company Group Health Plan, plan 521 (2,159 participants); Flexible Benefit Account Plan of Idaho Power Company, plan 512 (439 participants)
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
Hartford Life and AccidentAccidental Death & Dismemberment, Life, Business Travel Accident3,443$2.2M—
Business Psychology AssociatesEmployee Assistance Program2,168$131K—

Pharmacy benefit estimate

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

$8.2M/ year

Estimated prescription spend: 3,453 participants × $2,371 national average per member. Usually higher once dependents are counted.

$213K–$525K/ year

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

Brands with a generic available$62K–$156K
Lower-cost therapeutic alternatives$91K–$190K
Generic pricing vs. actual cost$39K–$118K
PBM contract terms$20K–$61K
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
Idaho Power Company
Sponsor EIN
82-0130980
Plan numbers
514, 521, 512
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 82-0130980 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Retirement Plan of Idaho Power Company
Type
Pension plan
Participants
4,833

About this data

Source: Idaho Power 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 Idaho Power Company.

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