Pay and Save, Inc.
Overview
Pay and Save, Inc. sponsors a self-funded health plan that covered 1,648 participants in plan year 2024. The plan year starts in December. Alongside medical, its benefits filing reports life insurance, dental, death benefits.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 1,648
- Plan year
- Begins December 1 · next renewal December 2026
- Health plans filed
- Pay and Save, Inc. Employee Welfare Benefit Plan, plan 503 (1,648 participants)
- Stop-loss carrier
- Blue Cross Blue Shield of Texas
- Broker compensation
- $380K 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 |
|---|---|---|---|---|
| Blue Cross Blue Shield of Texas | Medical, Vision, Stop-loss | 1,633 | $11.5M | $241K |
| Dearborn Life Insurance Company | Life | 988 | $279K | $59K |
| Unum Insurance Company | Short-term disability, Hospital EE | 430 | $210K | $52K |
| Unum Life Insurance Company | Long-term disability | 291 | $127K | $28K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,648 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
- Pay and Save, Inc.
- Sponsor EIN
- 75-1574481
- Plan number
- 503
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 75-1574481 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Pay and Save Inc. 401k Plan
- Type
- 401(k) plan
- Participants
- 3,377
About this data
Source: Pay and Save, Inc.'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 Pay and Save, Inc..