Forest Lake ISD 831

Forest Lake, MN EducationNAICS 611000

Self-funded health planPlan year 2024Renews July
1,443ParticipantsFirst year on file
$3.4MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#2 of 9Education in MNBy participants

Overview

Forest Lake ISD 831 sponsors a self-funded health plan that covered 1,443 participants in plan year 2024. The plan year starts in July.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,443
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Forest Lake ISD 831 CHP Plan, plan 501 (1,443 participants)
Medical

Pharmacy benefit estimate

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

$3.4M/ year

Estimated prescription spend: 1,443 participants × $2,371 national average per member. Usually higher once dependents are counted.

$89K–$219K/ year

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

Brands with a generic available$26K–$65K
Lower-cost therapeutic alternatives$38K–$79K
Generic pricing vs. actual cost$16K–$49K
PBM contract terms$9K–$26K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 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
Forest Lake ISD 831
Sponsor EIN
41-6008218
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 41-6008218 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Forest Lake ISD 831'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 Forest Lake ISD 831.

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