Meharry Medical College

Nashville, TN EducationNAICS 611000

Self-funded health planPlan year 2024Renews July
739ParticipantsFirst year on file
$1.8MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#2 of 4Education in TNBy participants

Overview

Meharry Medical College sponsors a self-funded health plan that covered 739 participants in plan year 2024. The plan year starts in July. 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
739
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Meharry Medical College Employee Benefits Plan, plan 501 (739 participants)
Broker compensation
$12K 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
Prudential Insurance Company of AmericaLife, Short-term disability, Long-term disability897$809K$12K
Delta Dental of TennesseeDental1,564$472K—
Metropolitan Life Insurance CompanyVision1,408$59K—

Pharmacy benefit estimate

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

$1.8M/ year

Estimated prescription spend: 739 participants × $2,371 national average per member. Usually higher once dependents are counted.

$46K–$112K/ year

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

Brands with a generic available$13K–$33K
Lower-cost therapeutic alternatives$19K–$41K
Generic pricing vs. actual cost$8K–$25K
PBM contract terms$4K–$13K
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
Meharry Medical College
Sponsor EIN
62-0488046
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 62-0488046 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Meharry Medical College Defined Contribution Plan
Type
Defined contribution plan
Participants
2,937

About this data

Source: Meharry Medical College'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 Meharry Medical College.

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