Santiam Memorial Hospital

Stayton, OR Health careNAICS 622000

Self-funded health planPlan year 2025Renews January
542Participants+10% vs. prior year
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#24 of 25Health care in ORBy participants

Overview

Santiam Memorial Hospital sponsors a self-funded health plan that covered 542 participants in plan year 2025, up 10% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, short-term disability, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
542 · prior year 494
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Santiam Memorial Hospital Employee Benefit Plan, plan 508 (542 participants)
Stop-loss carrier
Sun Life
Broker compensation
$548K across insured contracts
MedicalLife insuranceDentalShort-term disabilityLong-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Sun LifeMedical, Prescription drug, Stop-loss516$1.5M$305K
Consociate GroupMedical, Prescription drug, Vision475$629K$152K
United of Omaha Life Insurance CompanyDental, Vision, Life683$388K$33K
Oregon Dental Service DBA Delta Dental Plan of OregonDental494$294K$18K
Northwestern MutualLife, Long-term disability578$197K$35K
Principal Life Insurance CompanyShort-term disability221$33K$4K

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 542 participants × $2,371 national average per member. Usually higher once dependents are counted.

$33K–$82K/ year

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

Brands with a generic available$10K–$24K
Lower-cost therapeutic alternatives$14K–$30K
Generic pricing vs. actual cost$6K–$19K
PBM contract terms$3K–$10K
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
Santiam Memorial Hospital
Sponsor EIN
93-0415219
Plan number
508
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 93-0415219 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Santiam Memorial Hospital 401(k) Retirement Plan
Type
401(k) plan
Participants
915

About this data

Source: Santiam Memorial Hospital'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 Santiam Memorial Hospital.

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