High Point University

High Point, NC EducationNAICS 611000

Self-funded health planPlan year 2024Renews June
1,148ParticipantsFirst year on file
$2.7MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#5 of 9Education in NCBy participants

Overview

High Point University sponsors a self-funded health plan that covered 1,148 participants in plan year 2024. The plan year starts in June. 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
1,148
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
High Point University Employee Welfare Benefit PLA, plan 507 (1,148 participants)
Broker compensation
$116K 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
Lincoln National Life Insurance CompanyLife, Long-term disability, Leave Services1,148$508K$116K

Pharmacy benefit estimate

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

$2.7M/ year

Estimated prescription spend: 1,148 participants × $2,371 national average per member. Usually higher once dependents are counted.

$71K–$174K/ year

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

Brands with a generic available$21K–$52K
Lower-cost therapeutic alternatives$30K–$63K
Generic pricing vs. actual cost$13K–$39K
PBM contract terms$7K–$20K
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
High Point University
Sponsor EIN
56-0529999
Plan number
507
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-0529999 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
High Point University Retirement Plan
Type
Defined contribution plan
Participants
1,812

About this data

Source: High Point University'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 High Point University.

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