Viva Senior Living

Norwood, NJ Health careNAICS 623000

Self-funded health planPlan year 2025Renews January
970ParticipantsFirst year on file
$2.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#33 of 53Health care in NJBy participants

Overview

Viva Senior Living sponsors a self-funded health plan that covered 970 participants in plan year 2025. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
970
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Viva Senior Living Health and Welfare Plans, plan 501 (970 participants)
Broker compensation
$51K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Lincoln National Life Insurance CompanyLife, Dental, Vision, Critical Illness, Hospital Indemnity, Accident, Short-term disability830$340K$51K

Pharmacy benefit estimate

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

$2.3M/ year

Estimated prescription spend: 970 participants × $2,371 national average per member. Usually higher once dependents are counted.

$60K–$147K/ year

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

Brands with a generic available$17K–$44K
Lower-cost therapeutic alternatives$26K–$53K
Generic pricing vs. actual cost$11K–$33K
PBM contract terms$6K–$17K
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
Viva Senior Living
Sponsor EIN
88-0544366
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 88-0544366 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Viva Senior Living'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 Viva Senior Living.

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