Globus Medical, Inc.
Overview
Globus Medical, Inc. sponsors a self-funded health plan that covered 4,949 participants in plan year 2025, up 94% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, short-term disability, long-term disability.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 4,949 · prior year 2,549
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Globus Medical Employee Benefit Plan, plan 501 (4,949 participants)
- Stop-loss carrier
- Granular Insurance Company
- Broker compensation
- $369K 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 |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Medical, Life, Short-term disability, Long-term disability | 6,124 | $3.7M | $187K |
| Granular Insurance Company | Stop-loss | 3,587 | $2.6M | $131K |
| Vision Service Plan | Vision | 3,082 | $546K | $50K |
| MetLife Legal Plans, Inc. | Legal | 525 | $28K | $2K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 4,949 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 2025
- Plan sponsor
- Globus Medical, Inc.
- Sponsor EIN
- 04-3744954
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 04-3744954 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Globus Medical Inc. 401(k) Plan
- Type
- 401(k) plan
- Participants
- 8,564
About this data
Source: Globus Medical, Inc.'s Form 5500 filing for plan year 2025 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 Globus Medical, Inc..