Verizon Communications Inc.
Overview
Verizon Communications Inc. sponsors a self-funded health plan that covered 20,737 participants in plan year 2025, down 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
- 20,737 · prior year 23,540
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- The Verizon Choices Plan, plan 579 (20,737 participants); Verizon Medical Expense Plan for New York and New England Associates, plan 556 (13,320 participants)
- Broker compensation
- $767K 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 |
|---|---|---|---|---|
| Prudential Insurance Company of America | Life, Long Term Care | 66,385 | $242.2M | $737K |
| Aetna Life Insurance Co. | Dental, Medical, PPO | 152,466 | $74.1M | — |
| Kaiser Foundation Health Plan, Inc. (southern CA) | Medical, HMO | 2,349 | $16.2M | — |
| Kaiser Foundation Health Plan of the Mid-Atlantic States, Inc. | Medical, HMO | 830 | $12.8M | — |
| Kaiser Foundation Health Plan Inc., (northern CA) | Medical, HMO | 1,245 | $10.3M | — |
| Metropolitan Life Insurance Company | Life, Long Term Care | 3,341 | $6.2M | $165 |
| Kaiser Foundation Health Plan of Georgia | Medical, HMO | 686 | $5.6M | — |
| Kaiser Foundation Health Plan Inc. (southern CA) | Medical, HMO | 1,292 | $4.1M | — |
| Kaiser Foundation Health Plan Inc., So. CA | Medical, HMO | 1,136 | $3.6M | — |
| Tufts Associated HMO, Inc. | Medical, HMO | 705 | $3.5M | — |
| Humana Insurance Company | Medical, PPO | 634 | $3.3M | — |
| Independent Health | Medical, HMO | 271 | $2.5M | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 20,737 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
- Verizon Communications Inc.
- Sponsor EIN
- 23-2259884
- Plan numbers
- 579, 556
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 23-2259884 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Verizon Savings Plan for Management Employees
- Type
- 401(k) plan
- Participants
- 119,145
About this data
Source: Verizon Communications 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 Verizon Communications Inc..