Touro University
Overview
Touro University sponsors a self-funded health plan that covered 2,450 participants in plan year 2024. The plan year starts in July. Alongside medical, its benefits filing reports life insurance, dental, vision, prepaid legal, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 2,450
- Plan year
- Begins July 1 · next renewal July 2027
- Health plans filed
- Touro University Group Benefit Plan, plan 509 (2,450 participants)
- Broker compensation
- $183K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Hartford Life and Accident | Life, Long-term disability | 2,830 | $1.7M | $121K |
| Cigna Health and Life Insurance Company and Affiliates | Dental | 3,162 | $850K | $18K |
| Metropolitan Life Insurance Company | Accident, Critical Illness, Hospital Indemnity | 1,100 | $321K | $10K |
| Vision Service Plan | Vision | 1,146 | $276K | $5K |
| Aflac | Accident, Cancer, Hospital Indemnity,per | 139 | $166K | $17K |
| Metropolitan Property and Casualty Insurance Company | Legal | 476 | $101K | $12K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 2,450 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2024
- Plan sponsor
- Touro University
- Sponsor EIN
- 13-2676570
- Plan number
- 509
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 13-2676570 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Touro 403(b) Plan
- Type
- Defined contribution plan
- Participants
- 6,539
About this data
Source: Touro University'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 Touro University.