Hopehealth, Inc.

Florence, SC Health careNAICS 624200

Self-funded health planPlan year 2024Renews September
642ParticipantsFirst year on file
$1.5MEst. pharmacy spend / yrParticipants × national avg.
Sep 2027Next renewalPlan year begins September 1
#14 of 15Health care in SCBy participants

Overview

Hopehealth, Inc. sponsors a self-funded health plan that covered 642 participants in plan year 2024. The plan year starts in September. 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
642
Plan year
Begins September 1 · next renewal September 2027
Health plans filed
Hopehealth, Inc. Wrap SPD, plan 501 (642 participants)
Broker compensation
$77K 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
Hartford Life and AccidentLife, Short-term disability, Long-term disability642$523K$45K
Delta Dental of MissouriDental1,074$444K—
Continental American Insurance CompanySupplemental Benefits212$126K$18K
Community Eye Care, LLCVision907$92K$9K
Unum Life Insurance Company of AmericaCritical Illness, Accident, Hospital Ind144$47K$3K
Provident Life and Accident Insurance CompanyLife70$21K$1K

Pharmacy benefit estimate

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

$1.5M/ year

Estimated prescription spend: 642 participants × $2,371 national average per member. Usually higher once dependents are counted.

$40K–$98K/ year

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

Brands with a generic available$12K–$29K
Lower-cost therapeutic alternatives$17K–$35K
Generic pricing vs. actual cost$7K–$22K
PBM contract terms$4K–$11K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning September 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
Hopehealth, Inc.
Sponsor EIN
57-0984427
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 57-0984427 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Hopehealth, Inc. 401(k) Safe Harbor Plan
Type
401(k) plan
Participants
803

About this data

Source: Hopehealth, Inc.'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 Hopehealth, Inc..

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