Central Peninsula General Hospital

Soldotna, AK Health careNAICS 622000

Self-funded health planPlan year 2024Renews July
1,038ParticipantsFirst year on file
$2.5MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#5 of 7Health care in AKBy participants

Overview

Central Peninsula General Hospital sponsors a self-funded health plan that covered 1,038 participants in plan year 2024. The plan year starts in July. 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
1,038
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Central Peninsula General Hospital Welfare Plan, plan 502 (1,038 participants)
Broker compensation
$1K 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
Life Insurance Company of North AmericaAccidental Death & Dismemberment, Life, Long-term disability, Short-term disability840$429K$1K
Magellan Behavioral HealthEmployee Assistance Program1,038$40K—

Pharmacy benefit estimate

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

$2.5M/ year

Estimated prescription spend: 1,038 participants × $2,371 national average per member. Usually higher once dependents are counted.

$64K–$158K/ year

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

Brands with a generic available$19K–$47K
Lower-cost therapeutic alternatives$27K–$57K
Generic pricing vs. actual cost$12K–$35K
PBM contract terms$6K–$18K
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
Central Peninsula General Hospital
Sponsor EIN
92-0077523
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 92-0077523 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Central Peninsula Hospital Retirement Plan
Type
Defined contribution plan
Participants
1,724

About this data

Source: Central Peninsula General Hospital'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 Central Peninsula General Hospital.

Request a correction · Methodology