Woodmen of the World Life Insurance Society

Omaha, NE Finance & insuranceNAICS 524140

Self-funded health planPlan year 2025Renews January
1,321Participants+2% vs. prior year
$3.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#6 of 10Finance & insurance in NEBy participants

Overview

Woodmen of the World Life Insurance Society sponsors a self-funded health plan that covered 1,321 participants in plan year 2025, up 2% 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
1,321 · prior year 1,293
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Associate Welfare Benefit Plan of Woodmenlife, plan 512 (1,321 participants); Retiree Welfare Benefit Plan of Woodmen, plan 521 (322 participants)
Broker compensation
$121K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-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 AccidentMedicare Supplement391$1.3M—
Guardian Life Ins Co. of AmericaLife, Short-term disability, Long-term disability967$654K$84K
Vision Service PlanVision829$283K—
Provident Life and Accident Insurance CompanyLong-term disability52$172K$30K
Metropolitan Life Insurance CompanyDental233$91K$44
Metropolitan General Insurance CompanyLegal365$79K$8K
Nebraska Methodist Health System D/b/a Bestcare EAPEmployee Assistance Program1,321$30K—
Hartford Fire Insurance CompanyBusiness Travel Accident1,321$4K$149

Pharmacy benefit estimate

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

$3.1M/ year

Estimated prescription spend: 1,321 participants × $2,371 national average per member. Usually higher once dependents are counted.

$81K–$201K/ year

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

Brands with a generic available$24K–$60K
Lower-cost therapeutic alternatives$35K–$73K
Generic pricing vs. actual cost$15K–$45K
PBM contract terms$8K–$23K
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
Woodmen of the World Life Insurance Society
Sponsor EIN
47-0339250
Plan numbers
512, 521
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 47-0339250 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Retirement Plan for Employees and Representatives of Woodmenlife
Type
Pension plan
Participants
1,958

About this data

Source: Woodmen of the World Life Insurance Society'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 Woodmen of the World Life Insurance Society.

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