Beloit Health System, Inc.

Beloit, WI Health careNAICS 622000

Self-funded health planPlan year 2025Renews January
796Participants-1% vs. prior year
$1.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#17 of 29Health care in WIBy participants

Overview

Beloit Health System, Inc. sponsors a self-funded health plan that covered 796 participants in plan year 2025, about the same as the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
796 · prior year 806
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Beloit Memorial Hospital, Inc. Employee Medical Care Plan, plan 501 (796 participants)
Stop-loss carrier
QBE Insurance
Broker compensation
$257K across insured contracts
MedicalLife insuranceDentalVisionOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
QBE InsuranceStop-loss775$1.3M$192K
Superior Vision Insurance Plan of Wisconsin, Inc.Vision704$174K$19K
The Lincoln National Life Insurance CompanyLife1,123$137K$17K
Sun Life Assurance Company of CanadaShort-term disability, Long-term disability349$108K$30K

Pharmacy benefit estimate

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

$1.9M/ year

Estimated prescription spend: 796 participants × $2,371 national average per member. Usually higher once dependents are counted.

$49K–$121K/ year

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

Brands with a generic available$14K–$36K
Lower-cost therapeutic alternatives$21K–$44K
Generic pricing vs. actual cost$9K–$27K
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
Beloit Health System, Inc.
Sponsor EIN
39-1028081
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 39-1028081 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Beloit Health System 403(b) Plan
Type
Defined contribution plan
Participants
1,891

About this data

Source: Beloit Health System, 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 Beloit Health System, Inc..

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