Blue Cross and Blue Shield of North Carolina

Durham, NC Finance & insuranceNAICS 524140

Self-funded health planPlan year 2025Renews January
735Participants+58% vs. prior year
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#12 of 14Finance & insurance in NCBy participants

Overview

Blue Cross and Blue Shield of North Carolina sponsors a self-funded health plan that covered 735 participants in plan year 2025, up 58% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
735 · prior year 466
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Blue Cross and Blue Shield of North Carolina Retiree Medical Benefits Plan, plan 501 (735 participants)
Broker compensation
$654K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliance StandardAccidental Death and Dismemberment Insur, Life, Long-term disability5,495$8.0M$649K
Blue Cross and Blue Shield of North CarolinaVision4,852$712K—
Carelon Behavioral Health Inc.EAP Program5,537$213K—
Four Ever Life Ins Co.Medical, Dental5,110$39K—
Federal Insurance CompanyAccidental Death and Dismemberment Insur5,648$18K$5K

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 735 participants × $2,371 national average per member. Usually higher once dependents are counted.

$45K–$112K/ year

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

Brands with a generic available$13K–$33K
Lower-cost therapeutic alternatives$19K–$40K
Generic pricing vs. actual cost$8K–$25K
PBM contract terms$4K–$13K
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
Blue Cross and Blue Shield of North Carolina
Sponsor EIN
56-0894904
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-0894904 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Partners National Health Plans of NC, Inc. Target Benefit Pension Plan
Type
Defined contribution plan
Participants
225

About this data

Source: Blue Cross and Blue Shield of North Carolina'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 Blue Cross and Blue Shield of North Carolina.

Request a correction · Methodology