Management Health Systems, LLC

Sunrise, FL Business servicesNAICS 561300

Self-funded health planPlan year 2024Renews June
2,554ParticipantsFirst year on file
$6.1MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#6 of 18Business services in FLBy participants

Overview

Management Health Systems, LLC sponsors a self-funded health plan that covered 2,554 participants in plan year 2024. The plan year starts in June. 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
2,554
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Management Health Systems Health Plan, plan 510 (2,554 participants)
Broker compensation
$251K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Guardian Life Insurance CompanyDental, Vision, Life, Short-term disability, Long-term disability2,475$1.6M$251K

Pharmacy benefit estimate

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

$6.1M/ year

Estimated prescription spend: 2,554 participants × $2,371 national average per member. Usually higher once dependents are counted.

$157K–$388K/ year

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

Brands with a generic available$46K–$115K
Lower-cost therapeutic alternatives$67K–$140K
Generic pricing vs. actual cost$29K–$87K
PBM contract terms$15K–$45K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning June 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Management Health Systems, LLC
Sponsor EIN
58-2297524
Plan number
510
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 58-2297524 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Management Health Systems, LLC 401(k) Plan
Type
401(k) plan
Participants
3,838

About this data

Source: Management Health Systems, LLC'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 Management Health Systems, LLC.

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