Monongalia Health System Inc.

Morgantown, WV Health careNAICS 622000

Self-funded health planPlan year 2024Renews July
1,643ParticipantsFirst year on file
$3.9MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#6 of 7Health care in WVBy participants

Overview

Monongalia Health System Inc. sponsors a self-funded health plan that covered 1,643 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
1,643
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Monongalia Health System Inc. Employee Benefit Plan, plan 501 (1,643 participants)
Broker compensation
$28K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Life Insurance Company of North AmericaLife, Long-term disability706$655K$28K
Vision Service PlanVision1,659$148K—
United Concordia Insurance CompanyDental706——

Pharmacy benefit estimate

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

$3.9M/ year

Estimated prescription spend: 1,643 participants × $2,371 national average per member. Usually higher once dependents are counted.

$101K–$250K/ year

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

Brands with a generic available$30K–$74K
Lower-cost therapeutic alternatives$43K–$90K
Generic pricing vs. actual cost$19K–$56K
PBM contract terms$10K–$29K
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
Monongalia Health System Inc.
Sponsor EIN
55-0621551
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 55-0621551 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Monongalia Health System, Inc. Retirement Plan
Type
Pension plan
Participants
1,288

About this data

Source: Monongalia Health System 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 Monongalia Health System Inc..

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