Housing Works, Inc.

Brooklyn, NY Health careNAICS 624200

Self-funded health planPlan year 2024Renews July
835ParticipantsFirst year on file
$2.0MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#94 of 137Health care in NYBy participants

Overview

Housing Works, Inc. sponsors a self-funded health plan that covered 835 participants in plan year 2024. The plan year starts in July. Alongside medical, its benefits filing reports life insurance, dental, vision, prepaid legal, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
835
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Housing Works, Inc. Group Benefit Plan, plan 501 (835 participants)
Broker compensation
$56K across insured contracts
MedicalLife insuranceDentalVisionPrepaid legalLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Cigna Health and Life Insurance Company and AffiliatesDental442$250K$14K
First Reliance Standard Life Insurance CompanyLong-term disability, Life825$162K$9K
AflacVoluntary Benefits66$79K$20K
Aetna Life Insurance Co.Accident, Critical Illness and Hospital 102$22K$10K
UnitedHealthcare Insurance CompanyVision162$11K$774
Legalplans, USALegal46$6K$445

Pharmacy benefit estimate

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

$2.0M/ year

Estimated prescription spend: 835 participants × $2,371 national average per member. Usually higher once dependents are counted.

$51K–$127K/ year

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

Brands with a generic available$15K–$38K
Lower-cost therapeutic alternatives$22K–$46K
Generic pricing vs. actual cost$10K–$29K
PBM contract terms$5K–$15K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 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
Housing Works, Inc.
Sponsor EIN
13-3584089
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-3584089 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Housing Works, Inc. 403(b) Plan
Type
Defined contribution plan
Participants
527

About this data

Source: Housing Works, 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 Housing Works, Inc..

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