Nexion Health, Inc.

Sykesville, MD Health careNAICS 623000

Self-funded health planPlan year 2025Renews April
2,716Participants+2% vs. prior year
$6.4MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#13 of 32Health care in MDBy participants

Overview

Nexion Health, Inc. sponsors a self-funded health plan that covered 2,716 participants in plan year 2025, up 2% from the prior year. The plan year starts in April.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
2,716 · prior year 2,663
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
Nexion Health Inc. Texas Employee Accident Plan, plan 502 (2,716 participants)
Medical

Pharmacy benefit estimate

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

$6.4M/ year

Estimated prescription spend: 2,716 participants × $2,371 national average per member. Usually higher once dependents are counted.

$167K–$413K/ year

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

Brands with a generic available$49K–$122K
Lower-cost therapeutic alternatives$71K–$149K
Generic pricing vs. actual cost$31K–$93K
PBM contract terms$16K–$48K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 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
Nexion Health, Inc.
Sponsor EIN
52-2238971
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 52-2238971 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Nexion Health, Inc. 401k Plan and Trust
Type
401(k) plan
Participants
4,902

About this data

Source: Nexion Health, Inc.'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 Nexion Health, Inc..

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