Behavioral Health Network, Inc.

Springfield, MA Health careNAICS 624100

Self-funded health planPlan year 2024Renews July

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1,780ParticipantsFirst year on file

$4.2MEst. pharmacy spend / yrParticipants × national avg.

Jul 2027Next renewalPlan year begins July 1

#18 of 40Health care in MABy participants

Overview

Behavioral Health Network, Inc. sponsors a self-funded health plan that covered 1,780 participants in plan year 2024. The plan year starts in July. Alongside medical, its benefits filing reports life insurance, dental, vision, prepaid legal, and more.

Plan type: ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants: 1,780
Plan year: Begins July 1 · next renewal July 2027
Health plans filed: Pre-Tax Benefit Plan for Employees of the Behavioral Health Network, plan 503 (1,780 participants)
Broker compensation: $66K across insured contracts

MedicalLife insuranceDentalVisionPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

Carrier	Coverage	Covered	Premium	Broker comp
Guardian	Dental, Vision, Life, Long-term disability	1,780	$62K	$66K
Metropolitan General Insurance Company	Legal	248	$33K	—

Pharmacy benefit estimate

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

$4.2M/ year

Estimated prescription spend: 1,780 participants × $2,371 national average per member. Usually higher once dependents are counted.

$110K–$271K/ year

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

Brands with a generic available$32K–$80K

Lower-cost therapeutic alternatives$47K–$98K

Generic pricing vs. actual cost$20K–$61K

PBM contract terms$11K–$32K

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: Behavioral Health Network, Inc.
Sponsor EIN: 04-2103756
Plan number: 503
Filed with: U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-2103756 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Behavioral Health Network, Inc.'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 Behavioral Health Network, Inc..

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