Georgetown Hospital System

Georgetown, SC Health careNAICS 622000

Self-funded health planPlan year 2024Renews October
1,846ParticipantsFirst year on file
$4.4MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#9 of 15Health care in SCBy participants

Overview

Georgetown Hospital System sponsors a self-funded health plan that covered 1,846 participants in plan year 2024. The plan year starts in October. 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
1,846
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Georgetown Hospital System DBA Tidelands Health Welfare Plan, plan 504 (1,846 participants)
Broker compensation
$278K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLife, Short-term disability, Long-term disability1,834$2.2M$180K
Provident Life and Accident Insurance CompanyLife1,518$549K$70K
Community Eye Care, LLCVision2,936$246K$12K
Unum Life Insurance Company of AmericaCritical Illness, Hospital33$14K$16K

Pharmacy benefit estimate

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

$4.4M/ year

Estimated prescription spend: 1,846 participants × $2,371 national average per member. Usually higher once dependents are counted.

$114K–$281K/ year

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

Brands with a generic available$33K–$83K
Lower-cost therapeutic alternatives$49K–$102K
Generic pricing vs. actual cost$21K–$63K
PBM contract terms$11K–$33K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning October 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
Georgetown Hospital System
Sponsor EIN
02-0598400
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 02-0598400 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Georgetown Hospital System'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 Georgetown Hospital System.

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