Therapy Management Corporation

Homosassa, FL Health careNAICS 621340

Self-funded health planPlan year 2025Renews January
1,355Participants+10% vs. prior year
$3.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#41 of 89Health care in FLBy participants

Overview

Therapy Management Corporation sponsors a self-funded health plan that covered 1,355 participants in plan year 2025, up 10% 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
1,355 · prior year 1,229
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Therapy Management Corp. Group Insurance Plan, plan 505 (1,355 participants)
Broker compensation
$114K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
United of Omaha Life Insurance CompanyLife, Short-term disability, Long-term disability1,355$694K$106K
NGLVision1,602$73K$7K

Pharmacy benefit estimate

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

$3.2M/ year

Estimated prescription spend: 1,355 participants × $2,371 national average per member. Usually higher once dependents are counted.

$84K–$206K/ year

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

Brands with a generic available$24K–$61K
Lower-cost therapeutic alternatives$36K–$75K
Generic pricing vs. actual cost$15K–$46K
PBM contract terms$8K–$24K
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
Therapy Management Corporation
Sponsor EIN
65-1197416
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 65-1197416 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
TMC 401(k) Retirement Savings Plan
Type
401(k) plan
Participants
2,243

About this data

Source: Therapy Management Corporation'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 Therapy Management Corporation.

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