Contact sales

Covenant Health System

Renton, WA Health careNAICS 622000

Self-funded health planPlan year 2025Renews January
Free pharmacy preview Request a correction
6,500Participants-6% vs. prior year
$15.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 47Health care in WABy participants

Overview

Covenant Health System sponsors a self-funded health plan that covered 6,500 participants in plan year 2025, down 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
6,500 · prior year 6,926
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Covenant Health System Health and Welfare Plan, plan 501 (6,500 participants)
Broker compensation
$217K 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
Securian Life Insurance CompanyLife8,969$2.3M$106K
Dentegra Insurance CompanyDental906$225K$8K

Pharmacy benefit estimate

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

$15.4M/ year

Estimated prescription spend: 6,500 participants × $2,371 national average per member. Usually higher once dependents are counted.

$401K–$988K/ year

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

Brands with a generic available$117K–$293K
Lower-cost therapeutic alternatives$171K–$358K
Generic pricing vs. actual cost$74K–$222K
PBM contract terms$39K–$116K
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
Covenant Health System
Sponsor EIN
75-2765566
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 75-2765566 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Covenant Health System'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 Covenant Health System.

Request a correction · Methodology