Gannon University
Overview
Gannon University sponsors a self-funded health plan that covered 501 participants in plan year 2024. The plan year starts in April. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 501
- Plan year
- Begins April 1 · next renewal April 2027
- Health plans filed
- Gannon University Group Medical Plan, plan 507 (501 participants)
- Stop-loss carrier
- HM Life Insurance Company
- Broker compensation
- $38K 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 |
|---|---|---|---|---|
| HM Life Insurance Company | Stop-loss | 486 | $1.4M | $25K |
| Unum Life Insurance Company of America | Life, Long-term disability | 557 | $402K | $13K |
| Highmark Inc. | Vision | 483 | $54K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 501 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
- Gannon University
- Sponsor EIN
- 25-0496976
- Plan number
- 507
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 25-0496976 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Gannon University Defined Contribution Plan
- Type
- Defined contribution plan
- Participants
- 1,674
About this data
Source: Gannon University'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 Gannon University.