Continental Health Plan

Valley Stream, NY Finance & insuranceNAICS 525100

Self-funded health planPlan year 2024Renews December
1,008ParticipantsFirst year on file
$2.4MEst. pharmacy spend / yrParticipants × national avg.
Dec 2026Next renewalPlan year begins December 1
#30 of 59Finance & insurance in NYBy participants

Overview

Continental Health Plan sponsors a self-funded health plan that covered 1,008 participants in plan year 2024. The plan year starts in December.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,008
Plan year
Begins December 1 · next renewal December 2026
Health plans filed
Continental Health Plan, plan 501 (1,008 participants)
Stop-loss carrier
Sun Life and Health Insurance Company (u.s)
Broker compensation
$101K across insured contracts
Medical

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Sun Life and Health Insurance Company (u.s)Stop-loss1,077$1.0M$101K

Pharmacy benefit estimate

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

$2.4M/ year

Estimated prescription spend: 1,008 participants × $2,371 national average per member. Usually higher once dependents are counted.

$62K–$153K/ year

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

Brands with a generic available$18K–$45K
Lower-cost therapeutic alternatives$27K–$55K
Generic pricing vs. actual cost$11K–$34K
PBM contract terms$6K–$18K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning December 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
Continental Health Plan
Sponsor EIN
84-3718051
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 84-3718051 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Continental Health Plan'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 Continental Health Plan.

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