Century Care Management, Inc.

Cary, NC Health careNAICS 623000

Self-funded health planPlan year 2025Renews January
711Participants+6% vs. prior year
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#35 of 46Health care in NCBy participants

Overview

Century Care Management, Inc. sponsors a self-funded health plan that covered 711 participants in plan year 2025, up 6% from the prior year. The plan year starts in January. 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
711 · prior year 672
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Century Care Management, Inc. Health Plan, plan 501 (711 participants)
Broker compensation
$155K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyDental, Life, Long-term disability821$255K$52K
United of Omaha Life Insurance CompanyShort Term Disability VOL298$212K$57K
Unum Insurance CompanyAccident, Hospital EE Paid, Specified Diseases232$143K$27K
Provident Life and Accident Insurance CompanyLife156$51K$4K
Community Eye CareVision663$45K$5K
Unum Life Insurance Company of AmericaCritical Illness140$10K$2K
Mclaughlin Young Employee Services, Inc.EAP420$8K$8K

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 711 participants × $2,371 national average per member. Usually higher once dependents are counted.

$44K–$108K/ year

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

Brands with a generic available$13K–$32K
Lower-cost therapeutic alternatives$19K–$39K
Generic pricing vs. actual cost$8K–$24K
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
Century Care Management, Inc.
Sponsor EIN
56-2145100
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-2145100 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Century Care Management, Inc. Duncan Companies 401(k) Plan
Type
401(k) plan
Participants
840

About this data

Source: Century Care Management, 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 Century Care Management, Inc..

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