Cornerstone Family Healthcare

Cornwall, NY Health careNAICS 621111

Self-funded health planPlan year 2024Renews September
515ParticipantsFirst year on file
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Sep 2027Next renewalPlan year begins September 1
#133 of 137Health care in NYBy participants

Overview

Cornerstone Family Healthcare sponsors a self-funded health plan that covered 515 participants in plan year 2024. The plan year starts in September. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
515
Plan year
Begins September 1 · next renewal September 2027
Health plans filed
Cornerstone Family Healthcare Welfare Benefit Plan, plan 501 (515 participants)
Broker compensation
$40K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Companion Life Insurance CompanyLife507$93K$14K
Mutual of Omaha Insurance CompanyVoluntary AD&D, Long-term disability, AD&D507$90K$11K
The Guardian Life Insurance Company of AmericaDental318$28K$13K
Anthem Blue CrossVision299$24K$3K

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 515 participants × $2,371 national average per member. Usually higher once dependents are counted.

$32K–$78K/ year

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

Brands with a generic available$9K–$23K
Lower-cost therapeutic alternatives$14K–$28K
Generic pricing vs. actual cost$6K–$18K
PBM contract terms$3K–$9K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning September 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
Cornerstone Family Healthcare
Sponsor EIN
06-1036715
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 06-1036715 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Cornerstone Family Healthcare 403(b) Plan
Type
Defined contribution plan
Participants
1,038

About this data

Source: Cornerstone Family Healthcare'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 Cornerstone Family Healthcare.

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