Kare Partners Billing & Operations, Inc.

Gastonia, NC Health careNAICS 621340

Self-funded health planPlan year 2024Renews November
707ParticipantsFirst year on file
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Nov 2027Next renewalPlan year begins November 1
#36 of 46Health care in NCBy participants

Overview

Kare Partners Billing & Operations, Inc. sponsors a self-funded health plan that covered 707 participants in plan year 2024. The plan year starts in November. 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
707
Plan year
Begins November 1 · next renewal November 2027
Health plans filed
Compleat Rehab & Sports Therapy Center Employee Welfare Plan, plan 501 (707 participants)
Stop-loss carrier
Preferred Health Plan
Broker compensation
$72K 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
Principal Life Insurance CompanyDental, Vision, Life, Short-term disability, Long-term disability835$467K$72K
Preferred Health PlanMedical, Prescription drug, Stop-loss653$345K—

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 707 participants × $2,371 national average per member. Usually higher once dependents are counted.

$44K–$107K/ year

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

Brands with a generic available$13K–$32K
Lower-cost therapeutic alternatives$19K–$39K
Generic pricing vs. actual cost$8K–$24K
PBM contract terms$4K–$13K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning November 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
Kare Partners Billing & Operations, Inc.
Sponsor EIN
56-1677267
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-1677267 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Compleat Rehab Services 401(k) Plan
Type
401(k) plan
Participants
424

About this data

Source: Kare Partners Billing & Operations, 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 Kare Partners Billing & Operations, Inc..

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