Millennium Physician Group, LLC

Fort Myers, FL Health careNAICS 621111

Self-funded health planPlan year 2025Renews January
3,608Participants-2% vs. prior year
$8.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#16 of 89Health care in FLBy participants

Overview

Millennium Physician Group, LLC sponsors a self-funded health plan that covered 3,608 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
3,608 · prior year 3,668
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Millennium Physician Group, LLC Group Benefits Plan, plan 501 (3,608 participants)
Broker compensation
$303K 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
New York Life Insurance and Annuity CorporationLife276$2.9M$198K
Symetra Life Insurance CompanyLife, Long-term disability4,305$1.4M—
The Guardian Life Insurance Company of AmericaDental, Vision3,492$811K$105K

Pharmacy benefit estimate

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

$8.6M/ year

Estimated prescription spend: 3,608 participants × $2,371 national average per member. Usually higher once dependents are counted.

$222K–$548K/ year

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

Brands with a generic available$65K–$163K
Lower-cost therapeutic alternatives$95K–$198K
Generic pricing vs. actual cost$41K–$123K
PBM contract terms$21K–$64K
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
Millennium Physician Group, LLC
Sponsor EIN
26-2909414
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 26-2909414 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Millennium Physician Group 401(k) Plan & Trust
Type
401(k) plan
Participants
4,063

About this data

Source: Millennium Physician Group, LLC'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 Millennium Physician Group, LLC.

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