Deaconess Health System

Evansville, IN Health careNAICS 622000

Self-funded health planPlan year 2024Renews October
1,956ParticipantsFirst year on file
$4.6MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#11 of 36Health care in INBy participants

Overview

Deaconess Health System sponsors a self-funded health plan that covered 1,956 participants in plan year 2024. The plan year starts in October. 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
1,956
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Deaconess Health System, Inc. Flexible Benefits Plan, plan 510 (1,956 participants)
Broker compensation
$1.3M 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
Hartford Life and AccidentLife, Long-term disability, Short-term disability, Medical11,267$9.0M$1.0M
Health Resources Inc.Dental18,636$5.7M$114K
Vision Service PlanVision7,179$1.4M$189K

Pharmacy benefit estimate

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

$4.6M/ year

Estimated prescription spend: 1,956 participants × $2,371 national average per member. Usually higher once dependents are counted.

$121K–$297K/ year

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

Brands with a generic available$35K–$88K
Lower-cost therapeutic alternatives$51K–$108K
Generic pricing vs. actual cost$22K–$67K
PBM contract terms$12K–$35K
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
Deaconess Health System
Sponsor EIN
35-1532889
Plan number
510
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 35-1532889 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Deaconess Health System, Inc. 401(k) Plan
Type
401(k) plan
Participants
14,681

About this data

Source: Deaconess Health System'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 Deaconess Health System.

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