Medtronic, Inc.
Overview
Medtronic, Inc. sponsors a self-funded health plan that covered 892 participants in plan year 2025, down 13% from 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
- 892 · prior year 1,026
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Medtronic Retiree Health Plan, plan 541 (892 participants)
- Broker compensation
- $3.4M across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Delta Dental of Minnesota | Dental | 72,487 | $37.3M | — |
| Hartford Life and Accident | Life, Accidental Death and Dismemberment | 45,348 | $21.5M | $872K |
| Reliance Standard Life Insurance Company | Long-term disability | 38,116 | $13.5M | $332K |
| Kaiser Foundation Health Plan, Inc. | Medical, Prescription drug, HMO | 954 | $10.1M | — |
| Vision Service Plan Insurance Company | Vision | 25,982 | $7.0M | — |
| Reliastar Life Insurance Company | Accident, Critical Illness and Hospital | 31,454 | $6.7M | $1.2M |
| Prudential Insurance Company of America | Medical | 965 | $2.4M | — |
| Zurich American Insurance Company | Business Travel Accident | 99,800 | $2.1M | $731K |
| Arag Insurance Company | Legal | 13,220 | $1.3M | $135K |
| Genworth Life Insurance Company | Medical | 675 | $957K | $95K |
| Multinational Life Insurance Company | Short-term disability, Long-term disability | 5,722 | $270K | $54K |
| Hmsa | Medical, Prescription drug | 39 | $226K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 892 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Medtronic, Inc.
- Sponsor EIN
- 41-0793183
- Plan number
- 541
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 41-0793183 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Medtronic Savings and Investment Plan
- Type
- 401(k) plan
- Participants
- 55,692
About this data
Source: Medtronic, 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 Medtronic, Inc..