Diversicare Healthcare Services LLC

Brentwood, TN Health careNAICS 623000

Self-funded health planPlan year 2025Renews January
2,419Participants-4% vs. prior year
$5.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#18 of 51Health care in TNBy participants

Overview

Diversicare Healthcare Services LLC sponsors a self-funded health plan that covered 2,419 participants in plan year 2025, down 4% 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
2,419 · prior year 2,507
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Diversicare Group Benefit Plan, plan 501 (2,419 participants)
Broker compensation
$334K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Lincoln National Life Insurance CompanyLife, Short-term disability, Long-term disability2,256$1.4M$293K
Delta Dental of TennesseeDental1,940$527K$31K
Metropolitan Life Insurance CompanyVision2,508$158K$10K

Pharmacy benefit estimate

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

$5.7M/ year

Estimated prescription spend: 2,419 participants × $2,371 national average per member. Usually higher once dependents are counted.

$149K–$368K/ year

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

Brands with a generic available$44K–$109K
Lower-cost therapeutic alternatives$64K–$133K
Generic pricing vs. actual cost$28K–$83K
PBM contract terms$14K–$43K
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
Diversicare Healthcare Services LLC
Sponsor EIN
62-1474684
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 62-1474684 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Diversicare Healthcare Services LLC'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 Diversicare Healthcare Services LLC.

Request a correction · Methodology