Future Care Health Services

Brooklyn, NY Health careNAICS 621610

Self-funded health planPlan year 2024Renews September
521ParticipantsFirst year on file
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Sep 2027Next renewalPlan year begins September 1
#131 of 137Health care in NYBy participants

Overview

Future Care Health Services sponsors a self-funded health plan that covered 521 participants in plan year 2024. The plan year starts in September.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
521
Plan year
Begins September 1 · next renewal September 2027
Health plans filed
Future Care Health Services Ebhra, Lphra, DCA, TRN, PKG and EPR Plans, plan 502 (521 participants); Future Care Health Services Preventive Care Medical Plan, plan 501 (521 participants)
Stop-loss carrier
Nationwide Life Insurance Company
MedicalOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Nationwide Life Insurance CompanyStop-loss400$21K—

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 521 participants × $2,371 national average per member. Usually higher once dependents are counted.

$32K–$79K/ year

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

Brands with a generic available$9K–$23K
Lower-cost therapeutic alternatives$14K–$29K
Generic pricing vs. actual cost$6K–$18K
PBM contract terms$3K–$9K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning September 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
Future Care Health Services
Sponsor EIN
13-3964105
Plan numbers
502, 501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-3964105 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Future Care Health Services'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 Future Care Health Services.

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