Northwestern Memorial Healthcare

Chicago, IL Health careNAICS 622000

Self-funded health planPlan year 2025Renews January
38,744Participants-4% vs. prior year
$91.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 65Health care in ILBy participants

Overview

Northwestern Memorial Healthcare sponsors a self-funded health plan that covered 38,744 participants in plan year 2025, down 4% from 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
38,744 · prior year 40,165
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Northwestern Memorial Healthcare Wrap Plan, plan 501 (38,744 participants)
Broker compensation
$5.0M across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Securian Life Insurance CompanyAD&D, Life, Short-term disability, Critical Illness, Hospital47,564$13.1M$1.2M
Prudential Insurance Company of AmericaShort-term disability, Long-term disability32,732$10.2M$3.7M
Vision Service PlanVision26,360$4.4M$213K
Provident Life and Accident Insurance CompanyLife, Short-term disability, Long-term disability34$11K$403

Pharmacy benefit estimate

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

$91.9M/ year

Estimated prescription spend: 38,744 participants × $2,371 national average per member. Usually higher once dependents are counted.

$2.4M–$5.9M/ year

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

Brands with a generic available$698K–$1.7M
Lower-cost therapeutic alternatives$1.0M–$2.1M
Generic pricing vs. actual cost$441K–$1.3M
PBM contract terms$230K–$689K
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
Northwestern Memorial Healthcare
Sponsor EIN
36-3152959
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 36-3152959 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Northwestern Memorial Employee 401(k) Pre-Tax Savings Plan
Type
401(k) plan
Participants
56,086

About this data

Source: Northwestern Memorial Healthcare'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 Northwestern Memorial Healthcare.

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