Hospice of Henderson County

Flat Rock, NC Health careNAICS 621610

Self-funded health planPlan year 2024Renews August
655ParticipantsFirst year on file
$1.6MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#39 of 46Health care in NCBy participants

Overview

Hospice of Henderson County sponsors a self-funded health plan that covered 655 participants in plan year 2024. The plan year starts in August. 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
655
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
Four Seasons Hospice Employee Benefit Plan, plan 501 (655 participants)
Broker compensation
$161K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Sun Life Assurance Company of CanadaDental, Vision, Life, Short-term disability, Long-term disability449$697K$148K
Massachusetts Mutual Life Insurance CompanyLife96$47K$12K

Pharmacy benefit estimate

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

$1.6M/ year

Estimated prescription spend: 655 participants × $2,371 national average per member. Usually higher once dependents are counted.

$40K–$100K/ year

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

Brands with a generic available$12K–$30K
Lower-cost therapeutic alternatives$17K–$36K
Generic pricing vs. actual cost$7K–$22K
PBM contract terms$4K–$12K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning August 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
Hospice of Henderson County
Sponsor EIN
56-1252665
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-1252665 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Hospice of Henderson County, Inc. Retirement Plan
Type
Defined contribution plan
Participants
653

About this data

Source: Hospice of Henderson County'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 Hospice of Henderson County.

Request a correction · Methodology