Simonmed

Scottsdale, AZ Health careNAICS 621111

Self-funded health planPlan year 2025Renews January
2,880Participants+13% vs. prior year
$6.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#8 of 40Health care in AZBy participants

Overview

Simonmed sponsors a self-funded health plan that covered 2,880 participants in plan year 2025, up 13% 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
2,880 · prior year 2,542
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
SMI Imaging LLC - Employee Welfare Benefit Plan, plan 501 (2,880 participants)
Stop-loss carrier
Blue Cross Blue Shield of Arizona
Broker compensation
$798K 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
Blue Cross Blue Shield of ArizonaMedical, Prescription drug, Dental, Stop-loss2,431$2.7M$335K
United of Omaha Life Insurance CompanyLife, Short-term disability, Long-term disability2,810$1.6M$446K
Eyemed Vision CareVision2,116$143K$14K
Curalinc LLCEAP2,634$40K—

Pharmacy benefit estimate

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

$6.8M/ year

Estimated prescription spend: 2,880 participants × $2,371 national average per member. Usually higher once dependents are counted.

$178K–$438K/ year

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

Brands with a generic available$52K–$130K
Lower-cost therapeutic alternatives$76K–$158K
Generic pricing vs. actual cost$33K–$98K
PBM contract terms$17K–$51K
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
Simonmed
Sponsor EIN
26-4000683
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 26-4000683 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Simonmed 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
2,355

About this data

Source: Simonmed'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 Simonmed.

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