Health Carousel, LLC

Cincinnati, OH Professional servicesNAICS 541990

Self-funded health planPlan year 2024Renews November
2,564ParticipantsFirst year on file
$6.1MEst. pharmacy spend / yrParticipants × national avg.
Nov 2027Next renewalPlan year begins November 1
#6 of 44Professional services in OHBy participants

Overview

Health Carousel, LLC sponsors a self-funded health plan that covered 2,564 participants in plan year 2024. The plan year starts in November. 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
2,564
Plan year
Begins November 1 · next renewal November 2027
Health plans filed
Health Carousel, LLC Employee Benefits Plan, plan 501 (2,564 participants)
Stop-loss carrier
Pan-American Life Insurance Company
Broker compensation
$788K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyDental, Vision, Life, Short-term disability, Long-term disability, Accident, Critical Illness, Hospital Indemnity2,755$3.9M$658K
Pan-American Life Insurance CompanyStop-loss2,002$1.9M$130K

Pharmacy benefit estimate

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

$6.1M/ year

Estimated prescription spend: 2,564 participants × $2,371 national average per member. Usually higher once dependents are counted.

$158K–$390K/ year

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

Brands with a generic available$46K–$116K
Lower-cost therapeutic alternatives$67K–$141K
Generic pricing vs. actual cost$29K–$88K
PBM contract terms$15K–$46K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning November 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
Health Carousel, LLC
Sponsor EIN
20-1601546
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 20-1601546 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Health Carousel LLC 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
4,635

About this data

Source: Health Carousel, LLC'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 Health Carousel, LLC.

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