Verisma Systems Inc.
Overview
Verisma Systems Inc. sponsors a self-funded health plan that covered 1,602 participants in plan year 2025, up 16% 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
- 1,602 · prior year 1,387
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Verisma Systems Inc. Employee Benefits Plan, plan 501 (1,602 participants)
- Stop-loss carrier
- Cigna Health and Life Insurance Company
- Broker compensation
- $249K 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 |
|---|---|---|---|---|
| Cigna Health and Life Insurance Company | Stop-loss | 792 | $1.2M | $140K |
| Reliance Standard Life Insurance Company | Life, Voluntary AD&D, AD&D, Short-term disability, Long-term disability, Voluntary Accident, Voluntary Critical Illness, Voluntary Hospital Indemnity | 1,804 | $758K | $108K |
| First Reliance Standard Life Insurance Company | Disability Benefit | 256 | $17K | $2K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,602 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 2025
- Plan sponsor
- Verisma Systems Inc.
- Sponsor EIN
- 03-0438772
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 03-0438772 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Verisma Systems, Inc. 401(k) Plan
- Type
- 401(k) plan
- Participants
- 1,664
About this data
Source: Verisma Systems Inc.'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 Verisma Systems Inc..