Paragon Medical
Overview
Paragon Medical sponsors a self-funded health plan that covered 1,475 participants in plan year 2024. 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
- 1,475
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Paragon Medical Wrap Benefit Plan, plan 501 (1,475 participants)
- Broker compensation
- $118K 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 |
|---|---|---|---|---|
| Unum Life Insurance Company of America | Life, Short-term disability, Long-term disability | 1,475 | $1.3M | $69K |
| Unum Insurance Company | Accident, Critical Illness | 473 | $230K | $48K |
| Provident Life and Accident Insurance Company | Life | 171 | $74K | $1K |
| Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co. | Vision | 2,318 | $54K | — |
| Healthjoy | Telehealth | 1,475 | — | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,475 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 2024
- Plan sponsor
- Paragon Medical
- Sponsor EIN
- 01-0757400
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 01-0757400 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- MW Life Sciences Retirement Savings Plan
- Type
- 401(k) plan
- Participants
- 1,947
About this data
Source: Paragon Medical'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 Paragon Medical.