Caresify LLC

Collingdale, PA Health careNAICS 621610

Self-funded health planPlan year 2024Renews October
508ParticipantsFirst year on file
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#63 of 64Health care in PABy participants

Overview

Caresify LLC sponsors a self-funded health plan that covered 508 participants in plan year 2024. The plan year starts in October. Alongside medical, its benefits filing reports life insurance, dental, vision, death benefits.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
508
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Caresify LLC Welfare Benefits Plan, plan 501 (508 participants)
Broker compensation
$9K across insured contracts
MedicalLife insuranceDentalVisionDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Ameritas Life Insurance CorporationDental, Vision167$37K$7K
The Guardian Life Insurance Company of AmericaLife508$12K$1K
Boston Mutual Life Insurance CompanyLife507——

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 508 participants × $2,371 national average per member. Usually higher once dependents are counted.

$31K–$77K/ year

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

Brands with a generic available$9K–$23K
Lower-cost therapeutic alternatives$13K–$28K
Generic pricing vs. actual cost$6K–$17K
PBM contract terms$3K–$9K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning October 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
Caresify LLC
Sponsor EIN
47-5586664
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 47-5586664 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Caresify 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 Caresify LLC.

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