Phoebe Putney Health System, Inc.

Albany, GA Health careNAICS 622000

Self-funded health planPlan year 2024Renews August
4,074ParticipantsFirst year on file
$9.7MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#12 of 40Health care in GABy participants

Overview

Phoebe Putney Health System, Inc. sponsors a self-funded health plan that covered 4,074 participants in plan year 2024. The plan year starts in August. 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
4,074
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
Phoebe Putney Health System, Inc. Employee Welfare Benefit Plan, plan 501 (4,074 participants)
Broker compensation
$819K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Cigna Health & Life Insurance Company and AffiliatesDental, Vision2,911$31.5M$144K
Life Insurance Company of North AmericaLife, Long-term disability, Short-term disability, Basic & Voluntary AD&D4,402$3.0M$337K
Continental American Insurance Company—2,010$1.3M$337K

Pharmacy benefit estimate

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

$9.7M/ year

Estimated prescription spend: 4,074 participants × $2,371 national average per member. Usually higher once dependents are counted.

$251K–$619K/ year

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

Brands with a generic available$73K–$184K
Lower-cost therapeutic alternatives$107K–$224K
Generic pricing vs. actual cost$46K–$139K
PBM contract terms$24K–$72K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning August 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
Phoebe Putney Health System, Inc.
Sponsor EIN
58-2001014
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 58-2001014 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Retirement Plan for Employees of Phoebe Putney Health System, Inc.
Type
Pension plan
Participants
2,463

About this data

Source: Phoebe Putney Health System, 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 Phoebe Putney Health System, Inc..

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