Galen Medical Group, P.C.
Overview
Galen Medical Group, P.C. sponsors a self-funded health plan that covered 592 participants in plan year 2024. The plan year starts in April. 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
- 592
- Plan year
- Begins April 1 · next renewal April 2027
- Health plans filed
- Galen Medical Group, P.C. Employee Benefits Plan, plan 502 (592 participants)
- Stop-loss carrier
- Standard Life and Accident Insurance Company
- Broker compensation
- $159K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Standard Life and Accident Insurance Company | Stop-loss | 418 | $801K | — |
| The Prudential Insurance Company of America | Life, Short-term disability, Long-term disability | 616 | $612K | $128K |
| Bluecross Blueshield of Tennessee, Inc. | Dental, Vision | 221 | $282K | $31K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 592 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2024
- Plan sponsor
- Galen Medical Group, P.C.
- Sponsor EIN
- 62-1508884
- Plan number
- 502
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 62-1508884 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Galen Medical Group Employees Retirement Savings Plan
- Type
- 401(k) plan
- Participants
- 679
About this data
Source: Galen Medical Group, P.C.'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 Galen Medical Group, P.C..