Healthcare Staffing & Consultants, LLC

Jersey City, NJ Health careNAICS 623000

Self-funded health planPlan year 2024Renews June
686ParticipantsFirst year on file
$1.6MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#47 of 53Health care in NJBy participants

Overview

Healthcare Staffing & Consultants, LLC sponsors a self-funded health plan that covered 686 participants in plan year 2024. The plan year starts in June.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
686
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Independent Care Group Plus, plan 501 (686 participants)
Stop-loss carrier
Sun Life Assurance Company of Canada
Broker compensation
$43K across insured contracts
Medical

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Sun Life Assurance Company of CanadaStop-loss931$416K$43K

Pharmacy benefit estimate

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

$1.6M/ year

Estimated prescription spend: 686 participants × $2,371 national average per member. Usually higher once dependents are counted.

$42K–$104K/ year

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

Brands with a generic available$12K–$31K
Lower-cost therapeutic alternatives$18K–$38K
Generic pricing vs. actual cost$8K–$23K
PBM contract terms$4K–$12K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning June 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
Healthcare Staffing & Consultants, LLC
Sponsor EIN
13-3972928
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-3972928 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
HSC 401(k) Plan
Type
401(k) plan
Participants
1,451

About this data

Source: Healthcare Staffing & Consultants, 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 Healthcare Staffing & Consultants, LLC.

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