Nova Biomedical Corporation
Overview
Nova Biomedical Corporation sponsors a self-funded health plan that covered 1,206 participants in plan year 2025, about the same as the prior year. 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
- 1,206 · prior year 1,208
- Plan year
- Begins July 1 · next renewal July 2027
- Health plans filed
- Nova Biomedical Corporation Health and Welfare Plan, plan 505 (1,206 participants)
- Broker compensation
- $43K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Reliance Standard Life Insurance Company | Life, Long-term disability, Accidental Death and Dismemberment, Accident, Critical Illness | 1,198 | $487K | $29K |
| Unum Life Insurance Company of America | Long Term Care | 107 | $41K | $6K |
| Fidelity Security Life Insurance Company | Vision | 1,402 | $35K | $3K |
| Axis Insurance Company | Business Travel Accident | 1,172 | $19K | $5K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,206 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Nova Biomedical Corporation
- Sponsor EIN
- 04-2592580
- Plan number
- 505
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 04-2592580 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Nova Employee Savings Trust (n.e.s.t.)
- Type
- 401(k) plan
- Participants
- 1,787
About this data
Source: Nova Biomedical Corporation'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 Nova Biomedical Corporation.