The Hanover Insurance Company
Overview
The Hanover Insurance Company sponsors a self-funded health plan that covered 612 participants in plan year 2025, up 12% 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
- 612 · prior year 547
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- The Retiree Life Insurance and Post - Age 65 Medical Benefits Plan for Hanover Employees, plan 506 (612 participants)
- Broker compensation
- $555K 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 |
|---|---|---|---|---|
| Cigna Health and Life Insurance Company and Affiliates | Dental | 4,129 | $5.0M | $120K |
| Hartford Life and Accident | Accidental Death and Dismemberment, Life, Long-term disability, Accident, Critical Illness, Hospital Ind | 7,655 | $4.4M | $425K |
| Metropolitan Life Insurance Company | Life | 578 | $1.0M | $70 |
| Eyemed Vision Care on the Fidelity Security Life Ins Co. | Vision | 7,543 | $549K | — |
| Legalplans, USA | Legal | 579 | $121K | $10K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 612 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
- The Hanover Insurance Company
- Sponsor EIN
- 13-5129825
- Plan number
- 506
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 13-5129825 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- The Hanover Insurance Group Retirement Savings Plan
- Type
- 401(k) plan
- Participants
- 7,929
About this data
Source: The Hanover Insurance 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 The Hanover Insurance Company.