Fernandina Beach Rehab, LLC

Brooklyn, NY Health careNAICS 623000

Self-funded health planPlan year 2024Renews May
825ParticipantsFirst year on file
$2.0MEst. pharmacy spend / yrParticipants × national avg.
May 2027Next renewalPlan year begins May 1
#96 of 137Health care in NYBy participants

Overview

Fernandina Beach Rehab, LLC sponsors a self-funded health plan that covered 825 participants in plan year 2024. The plan year starts in May.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
825
Plan year
Begins May 1 · next renewal May 2027
Health plans filed
Fernandina Beach Rehab Medical Plan, plan 501 (825 participants)
Stop-loss carrier
US Fire Insurance Company
Broker compensation
$52K across insured contracts
Medical

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
US Fire Insurance CompanyStop-loss1,160$517K$52K

Pharmacy benefit estimate

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

$2.0M/ year

Estimated prescription spend: 825 participants × $2,371 national average per member. Usually higher once dependents are counted.

$51K–$125K/ year

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

Brands with a generic available$15K–$37K
Lower-cost therapeutic alternatives$22K–$45K
Generic pricing vs. actual cost$9K–$28K
PBM contract terms$5K–$15K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning May 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
Fernandina Beach Rehab, LLC
Sponsor EIN
83-2715074
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 83-2715074 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Fernandina Beach Rehab, LLC'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 Fernandina Beach Rehab, LLC.

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