Nexair LLC

Memphis, TN Wholesale tradeNAICS 424990

Self-funded health planPlan year 2025Renews January
1,403Participants0% vs. prior year
$3.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 6Wholesale trade in TNBy participants

Overview

Nexair LLC sponsors a self-funded health plan that covered 1,403 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
1,403 · prior year 1,403
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Nexair LLC, plan 501 (1,403 participants)
Stop-loss carrier
Bluere of Tennessee
Broker compensation
$209K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Bluere of TennesseeMedical, Prescription drug, Dental, Stop-loss1,345$1.6M$130K
Metropolitan Life Insurance CompanyLife, Short-term disability, Long-term disability864$795K$72K
Colonial Life & Accident Insurance CompanyLife, Short-term disability34$71K$6K
Bluecross Blueshield of Tennessee Inc.Vision1,347$10K$1K

Pharmacy benefit estimate

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

$3.3M/ year

Estimated prescription spend: 1,403 participants × $2,371 national average per member. Usually higher once dependents are counted.

$86K–$213K/ year

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

Brands with a generic available$25K–$63K
Lower-cost therapeutic alternatives$37K–$77K
Generic pricing vs. actual cost$16K–$48K
PBM contract terms$8K–$25K
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
Nexair LLC
Sponsor EIN
62-1636439
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 62-1636439 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Nexair 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 Nexair LLC.

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