Micron Technology, Inc.

Boise, ID ManufacturingNAICS 334410

Self-funded health planPlan year 2025Renews January
9,379Participants+5% vs. prior year
$22.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 8Manufacturing in IDBy participants

Overview

Micron Technology, Inc. sponsors a self-funded health plan that covered 9,379 participants in plan year 2025, up 5% 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
9,379 · prior year 8,964
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Self Insured Group Health Plan, plan 518 (9,379 participants)
Broker compensation
$216K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLife16,249$5.3M—
Kaiser Foundation Health Plan Inc.Medical, Prescription drug, HMO501$3.9M—
Kaiser Foundation Health Plan of the Mid-Atlantic States, Inc.Medical, Prescription drug, HMO412$3.0M—
Reliance Standard Life Insurance CompanyLong-term disability11,262$2.3M—
Cigna Health and Life Insurance CompanyMedical, Prescription drug, Dental, Vision282$1.1M$91K
Blue Cross of IdahoDental891$401K—
Metropolitan Tower Life Insurance CompanyLife143$147K$117K
Federal Insurance CompanyAccidental Death and Dismemberment Group54,375$43K$8K
First Reliance Standard Life Insurance CompanyShort-term disability32$6K—

Pharmacy benefit estimate

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

$22.2M/ year

Estimated prescription spend: 9,379 participants × $2,371 national average per member. Usually higher once dependents are counted.

$578K–$1.4M/ year

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

Brands with a generic available$169K–$423K
Lower-cost therapeutic alternatives$247K–$516K
Generic pricing vs. actual cost$107K–$320K
PBM contract terms$56K–$167K
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
Micron Technology, Inc.
Sponsor EIN
75-1618004
Plan number
518
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 75-1618004 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Micron Technology Inc. Retirement at Micron (ram) Plan
Type
401(k) plan
Participants
15,548

About this data

Source: Micron Technology, 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 Micron Technology, Inc..

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