Greenwich Hospital

Greenwich, CT Health careNAICS 622000

Self-funded health planPlan year 2024Renews January
1,379ParticipantsFirst year on file
$3.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#12 of 21Health care in CTBy participants

Overview

Greenwich Hospital sponsors a self-funded health plan that covered 1,379 participants in plan year 2024. 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
1,379
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Greenwich Hospital Flexible Benefit Plan, plan 508 (1,379 participants)
Broker compensation
$45K across insured contracts
MedicalLife insuranceDentalShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Delta Dental of New Jersey, Inc.Dental2,386$1.1M—
Hartford Life and AccidentLife, Short-term disability, Long-term disability2,023$719K$45K
Vision Service PlanVision980$204K—

Pharmacy benefit estimate

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

$3.3M/ year

Estimated prescription spend: 1,379 participants × $2,371 national average per member. Usually higher once dependents are counted.

$85K–$210K/ year

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

Brands with a generic available$25K–$62K
Lower-cost therapeutic alternatives$36K–$76K
Generic pricing vs. actual cost$16K–$47K
PBM contract terms$8K–$25K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Greenwich Hospital
Sponsor EIN
06-0646659
Plan number
508
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 06-0646659 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Greenwich Hospital Tax Deferred Annuity Retirement Plan
Type
Defined contribution plan
Participants
3,434

About this data

Source: Greenwich Hospital'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 Greenwich Hospital.

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