Service Access & Management, Inc.

Reading, PA Health careNAICS 624100

Self-funded health planPlan year 2024Renews July
569ParticipantsFirst year on file
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#60 of 64Health care in PABy participants

Overview

Service Access & Management, Inc. sponsors a self-funded health plan that covered 569 participants in plan year 2024. The plan year starts in July. 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
569
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Service Access Management Inc. Welfare Plan, plan 501 (569 participants)
Stop-loss carrier
HM Life Insurance Company
Broker compensation
$77K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
HM Life Insurance CompanyStop-loss577$905K—
Hartford Life and AccidentLife, Short-term disability, Long-term disability366$546K$65K
Vision Benefits of AmericaVision770$56K$2K
Delta Dental of PennsylvaniaDental1,718—$10K

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 569 participants × $2,371 national average per member. Usually higher once dependents are counted.

$35K–$86K/ year

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

Brands with a generic available$10K–$26K
Lower-cost therapeutic alternatives$15K–$31K
Generic pricing vs. actual cost$6K–$19K
PBM contract terms$3K–$10K
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
Service Access & Management, Inc.
Sponsor EIN
23-2897133
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 23-2897133 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Service Access & Management, Inc. Employees' 401(k) Plan
Type
401(k) plan
Participants
1,057

About this data

Source: Service Access & Management, 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 Service Access & Management, Inc..

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