Amazon has about 2.8 million participants in its health plan, making it the biggest single-employer health plan in the United States.
Mark Farrah Associates reported that finding in a new table based on an analysis of employers’ Form 5500 filings. The U.S. Labor Department uses Form 5500 filings to track benefit plan performance.
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Amazon’s health plan has more participants than New Mexico has residents, and almost as many participants as Mississippi has residents.
If Amazon’s health plan were a U.S. state, it would be the 37th most populous—and would qualify to have at least three seats in the U.S. House of Representatives.
What it means: Amazon has had a hard time achieving its longstanding goal of becoming a major health care and health insurance player, but it has the size to get there.
Other big players: Three of the six biggest health plans in the Mark Farrah rankings are multiemployer plans: the National Education Association Retiree Health Plan, with 2.7 million participants; the health plan managed by the International Brotherhood of Teamsters, with 1.8 million participants; and the American Federation of Teamsters, with 1.3 million participants.
Walmart has the second-biggest single-employer plan, with 1.8 million participants.
FedEx has 1.1 million participants in its plan, AT&T has about 982,000 participants and Target has about 900,000 participants.
Walmart, FedEx, AT&T and Target all have more participants in their plans than Alaska, North Dakota, Vermont and Wyoming have residents.
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