CVS Healthcare Practices, PLLC

Woonsocket, RI Health careNAICS 621498

Self-funded health planPlan year 2024Renews June
2,924ParticipantsFirst year on file
$6.9MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#2 of 6Health care in RIBy participants

Overview

CVS Healthcare Practices, PLLC sponsors a self-funded health plan that covered 2,924 participants in plan year 2024. The plan year starts in June. Alongside medical, its benefits filing reports prepaid legal, severance.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
2,924
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
CVS Healthcare Practices, PLLC Self-Insured Welfare Benefit Plan, plan 501 (2,924 participants)
MedicalPrepaid legalSeveranceOther welfare benefits

Pharmacy benefit estimate

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

$6.9M/ year

Estimated prescription spend: 2,924 participants × $2,371 national average per member. Usually higher once dependents are counted.

$180K–$444K/ year

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

Brands with a generic available$53K–$132K
Lower-cost therapeutic alternatives$77K–$161K
Generic pricing vs. actual cost$33K–$100K
PBM contract terms$17K–$52K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning June 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
CVS Healthcare Practices, PLLC
Sponsor EIN
88-0892585
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 88-0892585 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: CVS Healthcare Practices, PLLC'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 CVS Healthcare Practices, PLLC.

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