Advancedmd, Inc.

South Jordan, UT Professional servicesNAICS 541513

Self-funded health planPlan year 2025Renews February
768ParticipantsFirst year on file
$1.8MEst. pharmacy spend / yrParticipants × national avg.
Feb 2027Next renewalPlan year begins February 1
#5 of 8Professional services in UTBy participants

Overview

Advancedmd, Inc. sponsors a self-funded health plan that covered 768 participants in plan year 2025. The plan year starts in February. 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
768
Plan year
Begins February 1 · next renewal February 2027
Health plans filed
Advancedmd, Inc. Health and Welfare Plan, plan 502 (768 participants)
Broker compensation
$19K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
UnitedHealthcare Insurance CompanyDental499$427K$9K
Continental American Insurance CompanyAccident, Critical Illness, Hospital183$102K—
Lincoln National Life Insurance CompanyLife, Long-term disability627$72K$7K
LegaleaseLegal90$18K$3K
United of Omaha Life Insurance CompanyVision625——
AIG Property Casualty, U.S.Business Travel Accident625——

Pharmacy benefit estimate

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

$1.8M/ year

Estimated prescription spend: 768 participants × $2,371 national average per member. Usually higher once dependents are counted.

$47K–$117K/ year

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

Brands with a generic available$14K–$35K
Lower-cost therapeutic alternatives$20K–$42K
Generic pricing vs. actual cost$9K–$26K
PBM contract terms$5K–$14K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning February 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
Advancedmd, Inc.
Sponsor EIN
35-2182629
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 35-2182629 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Advancedmd, Inc. 401(k) Plan
Type
401(k) plan
Participants
719

About this data

Source: Advancedmd, 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 Advancedmd, Inc..

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