Hugh Chatham Memorial Hospital

Elkin, NC Health careNAICS 622000

Self-funded health planPlan year 2025Renews January
590Participants-16% vs. prior year
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#41 of 46Health care in NCBy participants

Overview

Hugh Chatham Memorial Hospital sponsors a self-funded health plan that covered 590 participants in plan year 2025, down 16% 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
590 · prior year 703
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Group Medical Plan for the Employees of Hugh Chatham Memorial Hospital, plan 514 (590 participants)
Broker compensation
$129K 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, Short-term disability688$652K$69K
Delta Dental of North CarolinaDental1,083$468K$9K
The Lincoln National Life Insurance CompanyAccident, Critical Illness, Hospital Indemnity238$169K$42K
Metropolitan Life Insurance CompanyVision815$51K$3K
Provident Life and Accident Insurance CompanyLife, Short-term disability, Critical Illness103$41K$6K

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 590 participants × $2,371 national average per member. Usually higher once dependents are counted.

$36K–$90K/ year

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

Brands with a generic available$11K–$27K
Lower-cost therapeutic alternatives$16K–$32K
Generic pricing vs. actual cost$7K–$20K
PBM contract terms$3K–$10K
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
Hugh Chatham Memorial Hospital
Sponsor EIN
56-0642846
Plan number
514
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-0642846 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Hugh Chatham Memorial Hospital, Inc. 401(k) Plan
Type
401(k) plan
Participants
1,252

About this data

Source: Hugh Chatham Memorial Hospital'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 Hugh Chatham Memorial Hospital.

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