Southeast Alaska Regional Health Consortium

Juneau, AK Health careNAICS 622000

Self-funded health planPlan year 2024Renews January
1,900ParticipantsFirst year on file
$4.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 7Health care in AKBy participants

Overview

Southeast Alaska Regional Health Consortium sponsors a self-funded health plan that covered 1,900 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
1,900
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Southeast Alaska Regional Health Consortium Health & Welfare Benefits Plan, plan 504 (1,900 participants)
Broker compensation
$203K 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
Starmount Life Insurance CompanyDental, Vision1,801$953K$22K
Unum Life Insurance Company of AmericaLife, Short-term disability, Long-term disability2,418$820K$164K
Unum Insurance CompanyCritical Illness, Hospital, Accident106$71K$16K
Health Advocate Solutions, Inc.EAP1,040$14K—
Zurich American Insurance CompanyAccidental Death & Dismemberment974$902—

Pharmacy benefit estimate

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

$4.5M/ year

Estimated prescription spend: 1,900 participants × $2,371 national average per member. Usually higher once dependents are counted.

$117K–$289K/ year

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

Brands with a generic available$34K–$86K
Lower-cost therapeutic alternatives$50K–$105K
Generic pricing vs. actual cost$22K–$65K
PBM contract terms$11K–$34K
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
Southeast Alaska Regional Health Consortium
Sponsor EIN
92-0056274
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 92-0056274 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Southeast Alaska Regional Health Consortium (searhc) 401(k) Plan
Type
401(k) plan
Participants
1,885

About this data

Source: Southeast Alaska Regional Health Consortium'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 Southeast Alaska Regional Health Consortium.

Request a correction · Methodology