Citadel Care Centers

Brooklyn, NY Health careNAICS 623000

Self-funded health planPlan year 2024Renews May
1,143ParticipantsFirst year on file
$2.7MEst. pharmacy spend / yrParticipants × national avg.
May 2027Next renewalPlan year begins May 1
#69 of 137Health care in NYBy participants

Overview

Citadel Care Centers sponsors a self-funded health plan that covered 1,143 participants in plan year 2024. The plan year starts in May.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,143
Plan year
Begins May 1 · next renewal May 2027
Health plans filed
Citadel Care Centers Medical Plan, plan 501 (1,143 participants)
Stop-loss carrier
US Fire Insurance Company
Broker compensation
$78K across insured contracts
Medical

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
US Fire Insurance CompanyStop-loss1,900$741K$78K

Pharmacy benefit estimate

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

$2.7M/ year

Estimated prescription spend: 1,143 participants × $2,371 national average per member. Usually higher once dependents are counted.

$70K–$174K/ year

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

Brands with a generic available$21K–$51K
Lower-cost therapeutic alternatives$30K–$63K
Generic pricing vs. actual cost$13K–$39K
PBM contract terms$7K–$20K
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
Citadel Care Centers
Sponsor EIN
81-1619316
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 81-1619316 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Citadel Care Centers 401(k) Plan
Type
401(k) plan
Participants
1,853

About this data

Source: Citadel Care Centers'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 Citadel Care Centers.

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