Elevate Care, Inc.

Skokie, IL Health careNAICS 623000

Self-funded health planPlan year 2024Renews August
1,322ParticipantsFirst year on file
$3.1MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#34 of 65Health care in ILBy participants

Overview

Elevate Care, Inc. sponsors a self-funded health plan that covered 1,322 participants in plan year 2024. The plan year starts in August. 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
1,322
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
Elevate Care, Inc. Health & Welfare Plan, plan 505 (1,322 participants)
Broker compensation
$298K 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 Guardian Life Insurance Company of AmericaDental, Vision, Life, Long-term disability1,317$549K$94K
Continental American Insurance CompanyShort-term disability553$520K$193K
Combined Insurance CompanyLife34$24K$11K

Pharmacy benefit estimate

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

$3.1M/ year

Estimated prescription spend: 1,322 participants × $2,371 national average per member. Usually higher once dependents are counted.

$81K–$201K/ year

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

Brands with a generic available$24K–$60K
Lower-cost therapeutic alternatives$35K–$73K
Generic pricing vs. actual cost$15K–$45K
PBM contract terms$8K–$24K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning August 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
Elevate Care, Inc.
Sponsor EIN
83-2419807
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 83-2419807 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Elevate Care, Inc.'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 Elevate Care, Inc..

Request a correction · Methodology