Axis Specialty U.S. Services, Inc.

Alpharetta, GA Finance & insuranceNAICS 524140

Self-funded health planPlan year 2025Renews January
812Participants-19% vs. prior year
$1.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#10 of 13Finance & insurance in GABy participants

Overview

Axis Specialty U.S. Services, Inc. sponsors a self-funded health plan that covered 812 participants in plan year 2025, down 19% 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
812 · prior year 997
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Axis Specialty U.S. Services, Inc. Welfare Plan, plan 501 (812 participants)
Broker compensation
$118K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Cigna Health and Life Insurance Company and AffiliatesDental1,955$1.1M—
Reliance Standard Life Insurance CompanyLife, Long-term disability, Accidental Death and Dismemberment, Short-term disability969$765K$17K
Provident Life and Accident Insurance CompanyLong-term disability169$218K$78K
Vision Service PlanVision798$119K—
Genworth Life Insurance CompanyLong Term Care52$77K$5K
National Union Fire Ins. Co. of Pittsburgh, PABusiness Travel Accident812$37K$7K
Provident Life and Casualty Insurance CompanyLong-term disability26$32K$10K

Pharmacy benefit estimate

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

$1.9M/ year

Estimated prescription spend: 812 participants × $2,371 national average per member. Usually higher once dependents are counted.

$50K–$123K/ year

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

Brands with a generic available$15K–$37K
Lower-cost therapeutic alternatives$21K–$45K
Generic pricing vs. actual cost$9K–$28K
PBM contract terms$5K–$14K
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
Axis Specialty U.S. Services, Inc.
Sponsor EIN
41-2030082
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 41-2030082 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Axis Specialty U.S. Services, Inc. 401(k) Plan
Type
401(k) plan
Participants
1,555

About this data

Source: Axis Specialty U.S. Services, 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 Axis Specialty U.S. Services, Inc..

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