Crown Healthcare Management

Lakewood, NJ Health careNAICS 623000

Self-funded health planPlan year 2024Renews October
1,585ParticipantsFirst year on file
$3.8MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#24 of 53Health care in NJBy participants

Overview

Crown Healthcare Management sponsors a self-funded health plan that covered 1,585 participants in plan year 2024. The plan year starts in October.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,585
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Crown Healthcare Management, plan 501 (1,585 participants)
Stop-loss carrier
Sun Life Assurance Company of Canada
Medical

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Sun Life Assurance Company of CanadaStop-loss1,591$1.6M—

Pharmacy benefit estimate

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

$3.8M/ year

Estimated prescription spend: 1,585 participants × $2,371 national average per member. Usually higher once dependents are counted.

$98K–$241K/ year

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

Brands with a generic available$29K–$71K
Lower-cost therapeutic alternatives$42K–$87K
Generic pricing vs. actual cost$18K–$54K
PBM contract terms$9K–$28K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning October 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
Crown Healthcare Management
Sponsor EIN
83-1284179
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 83-1284179 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Crown Healthcare Management'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 Crown Healthcare Management.

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