Tower Health
Overview
Tower Health sponsors a self-funded health plan that covered 11,261 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
- 11,261
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Tower Health and Welfare Benefit Plan, plan 510 (11,261 participants); The Reading Hospital and Medical Center Employer Assistance Plan, plan 508 (7,021 participants); Tower Health Medical Plan, plan 504 (5,401 participants); Tower Health Medical Plan, plan 505 (4,101 participants)
- Broker compensation
- $867K 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 |
|---|---|---|---|---|
| Delta Dental of Pennsylvania | Dental | 18,187 | $15.0M | $237K |
| The Lincoln National Life Insurance Company | Life, Weekly Income, Long-term disability | 6,364 | $2.9M | $268K |
| Cigna | Long-term disability, Short-term disability | 5,731 | $1.7M | $250K |
| Vision Benefits of America | Vision | 6,862 | $1.1M | $112K |
| Quest Behavioral Health | EAP | 11,610 | $26K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 11,261 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
- Tower Health
- Sponsor EIN
- 23-1352204
- Plan numbers
- 510, 508, 504, 505
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 23-1352204 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Reading Health System Pension Plan
- Type
- Pension plan
- Participants
- 4,338
About this data
Source: Tower Health'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 Tower Health.