Assurance IQ, LLC

Seattle, WA Finance & insuranceNAICS 524210

Self-funded health planPlan year 2024Renews July
574ParticipantsFirst year on file
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#5 of 6Finance & insurance in WABy participants

Overview

Assurance IQ, LLC sponsors a self-funded health plan that covered 574 participants in plan year 2024. The plan year starts in July. Alongside medical, its benefits filing reports dental, vision, severance.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
574
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Assurance IQ Health Plan, plan 504 (574 participants)
Broker compensation
$246 across insured contracts
MedicalDentalVisionSeverance

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Vision Service PlanVision59$12K$246

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 574 participants × $2,371 national average per member. Usually higher once dependents are counted.

$35K–$87K/ year

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

Brands with a generic available$10K–$26K
Lower-cost therapeutic alternatives$15K–$32K
Generic pricing vs. actual cost$7K–$20K
PBM contract terms$3K–$10K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Assurance IQ, LLC
Sponsor EIN
81-1285645
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 81-1285645 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Assurance IQ, LLC's Form 5500 filing for plan year 2024 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 Assurance IQ, LLC.

Request a correction · Methodology