Make self-funding more managable and affordable.
Taft-Hartley plans face a unique set of circumstances with some of the Affordable Care Act’s (ACA) requirements. With the law’s mandate to remove plan coverage limits, many face the challenge of maintaining quality coverage, benefit selections and access to service providers for their plan members.
With over 90 years of experience protecting Taft-Hartley plans, Union Labor Life’s team of experts are dedicated to tailoring stop loss insurance arrangements that comply with ACA requirements, and offer broader coverage options and access to some of today’s leading professionals in the medical cost containment industry.
Standard coverage benefits include:
Standard policy features include:
Value-added services to help contain costs:
From helping plans properly negotiate service fees with network providers and third-party administrators, to assisting in identifying potentially fraudulent billing practices and abuses, Union Labor Life works in partnership with policyholders to help them achieve the level of control they need to manage large claim costs, maximize benefits and optimize plan performance. Types of cost containment programs available to policyholders include:
Learn more on how our large claim experts help plans contain costs to help them maximize benefits for plan members
Union Labor Life's Group Stop Loss Programs:
A group purchasing approach with greater predictability.
Qualified plans can choose to participate in one of Union Labor Life’s tailored group stop loss insurance programs, offering some of the same standard benefits and features and cost containment programs. Programs are tailored to meet each fund’s insurance needs and offer the opportunity for participating funds to earn dividends based on annual premium volumes and the participants’ favorable claims experience.
For information and resources on the Affordable Care Act and its impact on Taft-Hartley plans, visit: ullico.com/reform-resource.
The Union Labor Life Stop Loss program offers The Union Labor Life Insurance Company (rated B++ (Good) by A.M. Best Company as of 7/27/2017) policies in all 50 states and the District of Columbia, the Fidelity Security Life Insurance Company policies in 49 states and the District of Columbia and Fidelity Security Life Insurance Company, New York in New York. Fidelity Security Life Insurance Company and Fidelity Security Life Insurance Company, New York have both been rated A- (Excellent) by A.M. Best as of 5/25/2017.
A.M. Best rates the financial strength of insurance companies and gives an indication of how that company may be expected to perform in the future.
The Union Labor Life Insurance Company's solid financial position was reaffirmed by A.M. Best Company with a B++ (Good) "Stable" Outlook rating as of 7/3/2018.