Philadelphia College of Osteopathic Medicine

Philadelphia, PA EducationNAICS 611000

Self-funded health planPlan year 2024Renews July
705ParticipantsFirst year on file
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#15 of 21Education in PABy participants

Overview

Philadelphia College of Osteopathic Medicine sponsors a self-funded health plan that covered 705 participants in plan year 2024. The plan year starts in July. Alongside medical, its benefits filing reports dental, vision, death benefits.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
705
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Pcom Medical, plan 501 (705 participants)
Broker compensation
$159 across insured contracts
MedicalDentalVisionDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Life Insurance Company of North AmericaBusiness Travel Accident768$2K$159

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 705 participants × $2,371 national average per member. Usually higher once dependents are counted.

$43K–$107K/ year

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

Brands with a generic available$13K–$32K
Lower-cost therapeutic alternatives$19K–$39K
Generic pricing vs. actual cost$8K–$24K
PBM contract terms$4K–$13K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Philadelphia College of Osteopathic Medicine
Sponsor EIN
22-2691757
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 22-2691757 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Philadelphia College of Osteopathic Medicine Retirement Plan
Type
Defined contribution plan
Participants
2,465

About this data

Source: Philadelphia College of Osteopathic Medicine'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 Philadelphia College of Osteopathic Medicine.

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