Southeastern Regional Medical Center

Lumberton, NC Health careNAICS 622000

Self-funded health planPlan year 2025Renews January
1,239Participants+5% vs. prior year
$2.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#17 of 46Health care in NCBy participants

Overview

Southeastern Regional Medical Center sponsors a self-funded health plan that covered 1,239 participants in plan year 2025, up 5% 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
1,239 · prior year 1,177
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Southeastern Regional Medical Center Employee Healthcare Plan, plan 502 (1,239 participants)
Broker compensation
$241K 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
Standard Insurance CompanyLife, Long-term disability, Short-term disability1,828$1.5M$241K

Pharmacy benefit estimate

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

$2.9M/ year

Estimated prescription spend: 1,239 participants × $2,371 national average per member. Usually higher once dependents are counted.

$76K–$188K/ year

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

Brands with a generic available$22K–$56K
Lower-cost therapeutic alternatives$33K–$68K
Generic pricing vs. actual cost$14K–$42K
PBM contract terms$7K–$22K
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
Southeastern Regional Medical Center
Sponsor EIN
56-0530233
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-0530233 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Southeastern Regional Medical Center Tax-Deferred Savings Plan
Type
Defined contribution plan
Participants
3,331

About this data

Source: Southeastern Regional Medical Center'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 Southeastern Regional Medical Center.

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