Proassurance Group Services Corp.

Birmingham, AL Finance & insuranceNAICS 524150

Self-funded health planPlan year 2025Renews January
1,049Participants-6% vs. prior year
$2.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#5 of 8Finance & insurance in ALBy participants

Overview

Proassurance Group Services Corp. sponsors a self-funded health plan that covered 1,049 participants in plan year 2025, down 6% from the prior year. 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
1,049 · prior year 1,119
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Proassurance Group Employee Benefit Plan, plan 504 (1,049 participants)
Broker compensation
$216K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Unum Life Insurance Company of AmericaLife, Long-term disability978$897K$146K
Vision Service PlanVision744$182K$11K
Unum Insurance CompanyAccident, Critical Illness, Hospital249$165K$34K
Metropolitan Life Insurance CompanyLife164$58K—
Federal Insurance CompanyBusiness Travel Accident985$26K$26K
Health Advocate Solutions, Inc.Employee Assistance Program991$14K—

Pharmacy benefit estimate

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

$2.5M/ year

Estimated prescription spend: 1,049 participants × $2,371 national average per member. Usually higher once dependents are counted.

$65K–$159K/ year

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

Brands with a generic available$19K–$47K
Lower-cost therapeutic alternatives$28K–$58K
Generic pricing vs. actual cost$12K–$36K
PBM contract terms$6K–$19K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
Proassurance Group Services Corp.
Sponsor EIN
63-1285505
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 63-1285505 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Proassurance Group Savings and Retirement Plan
Type
401(k) plan
Participants
1,462

About this data

Source: Proassurance Group Services Corp.'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 Proassurance Group Services Corp..

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