Carespring Health Care Management, LLC

Loveland, OH Health careNAICS 623000

Self-funded health planPlan year 2024Renews May
1,231ParticipantsFirst year on file
$2.9MEst. pharmacy spend / yrParticipants × national avg.
May 2027Next renewalPlan year begins May 1
#50 of 89Health care in OHBy participants

Overview

Carespring Health Care Management, LLC sponsors a self-funded health plan that covered 1,231 participants in plan year 2024. The plan year starts in May. 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
1,231
Plan year
Begins May 1 · next renewal May 2027
Health plans filed
Carespring Health Care Management, LLC Welfare Benefit Plan, plan 510 (1,231 participants)
Broker compensation
$223K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliastar Life Insurance CompanyLife, Short-term disability, Long-term disability2,590$773K$103K
The Guardian Life Insurance Company of AmericaDental, Vision1,077$598K$52K
Combined Insurance Company of AmericaAccident, Critical Illness395$118K$69K

Pharmacy benefit estimate

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

$2.9M/ year

Estimated prescription spend: 1,231 participants × $2,371 national average per member. Usually higher once dependents are counted.

$76K–$187K/ year

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

Brands with a generic available$22K–$55K
Lower-cost therapeutic alternatives$32K–$68K
Generic pricing vs. actual cost$14K–$42K
PBM contract terms$7K–$22K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning May 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Carespring Health Care Management, LLC
Sponsor EIN
01-0885621
Plan number
510
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 01-0885621 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Carespring Health Care Management Savings & Retirement Plan
Type
401(k) plan
Participants
2,443

About this data

Source: Carespring Health Care Management, 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 Carespring Health Care Management, LLC.

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