Laboratory Corporation of America Holdings

Burlington, NC Health careNAICS 621510

Self-funded health planPlan year 2025Renews January
1,042Participants0% vs. prior year
$2.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#22 of 46Health care in NCBy participants

Overview

Laboratory Corporation of America Holdings sponsors a self-funded health plan that covered 1,042 participants in plan year 2025, about the same as 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
1,042 · prior year 1,047
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Laboratory Corporation of America Holdings Medical and Life Insurance Plan for Retirees, plan 516 (1,042 participants)
Broker compensation
$3.3M across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliastar Life Insurance CompanyShort-term disability92,913$10.1M$2.4M
Kaiser Foundation Health Plan Inc.Medical, HMO564$6.6M$156K
Ameritas Life Insurance Corp.Vision76,076$5.9M$24K
MetLife Legal PlansPrepaid Legal7,078$1.4M$166K
Cigna Health and Life Insurance CompanyDental, HMO8,676$1.4M—

Pharmacy benefit estimate

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

$2.5M/ year

Estimated prescription spend: 1,042 participants × $2,371 national average per member. Usually higher once dependents are counted.

$64K–$158K/ year

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

Brands with a generic available$19K–$47K
Lower-cost therapeutic alternatives$27K–$57K
Generic pricing vs. actual cost$12K–$36K
PBM contract terms$6K–$19K
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
Laboratory Corporation of America Holdings
Sponsor EIN
13-3757370
Plan number
516
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-3757370 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Laboratory Corporation of America Holdings 401(k) Savings Plan
Type
401(k) plan
Participants
68,497

About this data

Source: Laboratory Corporation of America Holdings'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 Laboratory Corporation of America Holdings.

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