Remedi Seniorcare Holding Corporation

Towson, MD RetailNAICS 446110

Self-funded health planPlan year 2024Renews January
1,022ParticipantsFirst year on file
$2.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#5 of 7Retail in MDBy participants

Overview

Remedi Seniorcare Holding Corporation sponsors a self-funded health plan that covered 1,022 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
1,022
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Remedi Seniorcare Holding Corporation Health & Welfare Plan, plan 506 (1,022 participants)
Broker compensation
$70K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Sun Life Assurance Company of CanadaLife, Long-term disability963$321K$35K
Aetna Life Insurance Co.Accident, Critical Illness, Hospital Ind382$112K$18K
Fidelity Security Life Insurance CompanyVision1,025$86K$16K
Magellan HealthEmployee Assistance Program716$20K—
Transamerica Life Insurance CompanyLife37$18K$2K

Pharmacy benefit estimate

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

$2.4M/ year

Estimated prescription spend: 1,022 participants × $2,371 national average per member. Usually higher once dependents are counted.

$63K–$155K/ year

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

Brands with a generic available$18K–$46K
Lower-cost therapeutic alternatives$27K–$56K
Generic pricing vs. actual cost$12K–$35K
PBM contract terms$6K–$18K
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 2024
Plan sponsor
Remedi Seniorcare Holding Corporation
Sponsor EIN
06-1693454
Plan number
506
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 06-1693454 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Remedi Seniorcare 401(k) Plan
Type
401(k) plan
Participants
1,440

About this data

Source: Remedi Seniorcare Holding Corporation'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 Remedi Seniorcare Holding Corporation.

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