Southwest Key Programs Inc.

Austin, TX Health careNAICS 624100

Self-funded health planPlan year 2024Renews September
9,585ParticipantsFirst year on file
$22.7MEst. pharmacy spend / yrParticipants × national avg.
Sep 2027Next renewalPlan year begins September 1
#6 of 90Health care in TXBy participants

Overview

Southwest Key Programs Inc. sponsors a self-funded health plan that covered 9,585 participants in plan year 2024. The plan year starts in September. 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
9,585
Plan year
Begins September 1 · next renewal September 2027
Health plans filed
Southwest Key Programs, Inc. Health and Welfare Plan, plan 501 (9,585 participants)
Broker compensation
$474K 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
Unum Life Insurance Company of AmericaLife, Short-term disability, Long-term disability, Accident, Critical Illness309$3.4M$386K
UnitedHealthcare Insurance CompanyVision29,116$755K$88K

Pharmacy benefit estimate

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

$22.7M/ year

Estimated prescription spend: 9,585 participants × $2,371 national average per member. Usually higher once dependents are counted.

$591K–$1.5M/ year

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

Brands with a generic available$173K–$432K
Lower-cost therapeutic alternatives$252K–$527K
Generic pricing vs. actual cost$109K–$327K
PBM contract terms$57K–$170K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning September 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
Southwest Key Programs Inc.
Sponsor EIN
74-2481167
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 74-2481167 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Southwest Key Programs, Inc. 401(k) Retirement Plan
Type
401(k) plan
Participants
11,237

About this data

Source: Southwest Key Programs 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 Southwest Key Programs Inc..

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