Allianz Life Insurance Company/azoa Services Corp.

Minneapolis, MN Finance & insuranceNAICS 524150

Self-funded health planPlan year 2025Renews January
4,899ParticipantsFirst year on file
$11.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#6 of 17Finance & insurance in MNBy participants

Overview

Allianz Life Insurance Company/azoa Services Corp. sponsors a self-funded health plan that covered 4,899 participants in plan year 2025. The plan year starts in January.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
4,899
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Allianz Life Insurance Company/azoa Services Corp., plan 501 (4,899 participants)
Medical

Pharmacy benefit estimate

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

$11.6M/ year

Estimated prescription spend: 4,899 participants × $2,371 national average per member. Usually higher once dependents are counted.

$302K–$745K/ year

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

Brands with a generic available$88K–$221K
Lower-cost therapeutic alternatives$129K–$269K
Generic pricing vs. actual cost$56K–$167K
PBM contract terms$29K–$87K
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
Allianz Life Insurance Company/azoa Services Corp.
Sponsor EIN
76-6199434
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 76-6199434 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Allianz Life Insurance Company/azoa Services Corp.'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 Allianz Life Insurance Company/azoa Services Corp..

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