HF Management Services, LLC

New York, NY Finance & insuranceNAICS 524290

Self-funded health planPlan year 2025Renews January
6,335Participants+4% vs. prior year
$15.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#5 of 59Finance & insurance in NYBy participants

Overview

HF Management Services, LLC sponsors a self-funded health plan that covered 6,335 participants in plan year 2025, up 4% from the prior year. The plan year starts in January. 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
6,335 · prior year 6,122
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
HF Management Services, LLC Employee Benefit Plan, plan 503 (6,335 participants)
Broker compensation
$186K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Standard Life Ins Co. of NYCritical Illness, Accident, Hospital Ind, Life, Long-term disability, Short-term disability6,684$5.9M$163K
Vision Service PlanVision3,935$533K—
Aetna Life Insurance Co.Dental, HMO2,008$377K—
Legalplans, USALegal783$152K$23K

Pharmacy benefit estimate

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

$15.0M/ year

Estimated prescription spend: 6,335 participants × $2,371 national average per member. Usually higher once dependents are counted.

$391K–$963K/ year

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

Brands with a generic available$114K–$285K
Lower-cost therapeutic alternatives$167K–$348K
Generic pricing vs. actual cost$72K–$216K
PBM contract terms$38K–$113K
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 2025
Plan sponsor
HF Management Services, LLC
Sponsor EIN
13-4069806
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-4069806 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Healthfirst Profit Sharing 401(k) Plan
Type
401(k) plan
Participants
7,799

About this data

Source: HF Management Services, LLC'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 HF Management Services, LLC.

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