Central States Health & Welfare and Pension Funds

Name

Central States Health & Welfare and Pension Funds

Legal name

Central States, Southeast and Southwest Areas Health and Welfare and Pension Funds

Website

https://myteamcare.org

Company type

Private

Founded year

1950

Operating status

Operating

Headcount range

501–1,000 employees

Short description

TeamCare is a Taft-Hartley multiemployer health and welfare trust fund serving 550,000+ Teamsters union members and dependents across 1,100+ contributing employers via medical, prescription, dental, vision, and disability benefits administered through national partners including BlueCross BlueShield, CVS Caremark, and Teladoc.

Ownership category

akta.pro rank

Product category

Multiemployer (Taft-Hartley) Health and Welfare Benefits

NAICS

Health and Welfare Funds (525120), Health and Welfare Funds (52512), Insurance and Employee Benefit Funds (5251)

SIC

Hospital & Medical Service Plans (6324), Services-Membership Organizations (8600)

akta.pro primary industry

Taft-Hartley / Union Multiemployer Group Health Plans (FSAIAFAG)

akta.pro secondary industry

Group Disability Income Insurance (Employer-Sponsored) (FSAIAIAB)

Keywords

• Taft-Hartley health benefits
• Union health fund
• Multiemployer welfare fund
• Health benefits administration
• PPO network management

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Employer and Union Contributions: TeamCare is funded through contributions from employers and unions pursuant to collective bargaining agreements. Employers make contributions on behalf of covered employees, and union members become eligible upon meeting contribution thresholds (typically 8 weeks of contributions within a 52-week period).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

TeamCare is a Taft-Hartley multiemployer health and welfare fund that provides comprehensive healthcare benefits to Teamsters union members and their families. Its core offering bundles medical, prescription, dental, vision, short-term disability, retiree, and wellness benefits, administered through the BlueCross BlueShield PPO network and partner programs such as CVS Caremark, Teladoc, EyeMed, QuestSelect, USIN, CVS MinuteClinic, and Mayo Clinic. Coverage is funded through employer and union contributions pursuant to collective bargaining agreements and delivered to over 550,000 members from more than 1,100 employers.

Product overview

TeamCare is a comprehensive union Health Fund offering integrated healthcare benefits through a platform-plus-partner model. The core product suite includes Medical Benefits (via BlueCross BlueShield PPO network), Prescription Benefits (through CVS Caremark), Dental, Vision, Short-Term Disability, and Retiree Benefits. These are enhanced by partner services including Teladoc telehealth, QuestSelect lab testing, USIN advanced imaging, and CVS MinuteClinic. The Family Protection Benefit provides unique 5-year free coverage for dependents upon a member's death. Digital services include a Member Dashboard with claims management, secure Message Center for Benefits Specialist communication, online enrollment portal, and electronic claim filing/appeals systems. The company serves over 550,000 members from over 1,100 different employers, primarily Teamsters union members and their families.

Differentiator

Problem solved

Functional benefit

Products and services

• Medical Benefits Flexible medical plans providing comprehensive coverage through the BlueCross BlueShield PPO network, including preventative care, routine checkups, screenings, specialist access, and hospital services for active and retired Teamsters members and their families.
• Prescription Benefits (TeamCare Rx) Prescription drug coverage administered through CVS Caremark, providing retail pharmacy network access, mail order service, specialty pharmacy, and formulary management for TeamCare members.
• Dental Benefits Dental coverage for TeamCare members covering preventive services, oral exams, sealants, fluoride treatments, crowns, bridges, dentures, and implants, with preventive care available once every six months.
• Vision Benefits Vision coverage delivered through the EyeMed network, providing eye examinations, glasses, and contact lenses according to the member's Plan Benefit Profile.
• Short-Term Disability Benefits Weekly disability income payments for members unable to work due to non-work-related injury, illness, or pregnancy, with continuation of health coverage during the disability period.
• Retiree Benefits Health coverage continuation for retired Teamsters members, including Retiree Health Plan RU, RV, and other retiree-specific plan options.
• Wellness Benefit Preventive health services covered at 100%, including immunizations, colorectal screenings, diabetes education, smoking cessation programs, and wellness visits.
• Family Protection Benefit Provides five years of free continued coverage to covered dependents in the event of a participant's death — a differentiated benefit unmatched by any insurer today.
• Teladoc Health Telehealth Services 24/7 telehealth access for general medical care, dermatology, mental health, diabetes management, and prescriptions via phone or video, available to TeamCare members across the U.S.
• QuestSelect Laboratory Services Outpatient laboratory testing program covering blood tests, urine tests, cytology, pathology, and throat cultures at zero cost to TeamCare members when using QuestSelect providers.
• USIN Advanced Imaging Services Network for MRI, CT, and PET scan scheduling covered at no cost to TeamCare members, with a network exception for members living more than 40 miles from a USIN facility.
• CVS MinuteClinic Services Walk-in clinic services available at select CVS Pharmacy and Target stores nationwide, open 7 days a week including evenings and weekends with no appointment necessary.

Quantifiable outcome

• Serving over 550,000 members from over 1,100 employers
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• BlueCross BlueShieldcoreTechnology or IntegrationPrimary medical claims processor and network provider for TeamCare members. BlueCross BlueShield administers medical benefits and provides access to their extensive provider network nationwide.
• Teladoc HealthcoreTechnology or IntegrationTelehealth provider offering 24/7 access to doctors via phone or video. Available for general medical, dermatology, mental health, and chronic condition management. Services include diabetes management.
• CVS CaremarkcoreTechnology or IntegrationPharmacy benefits manager handling prescription drug coverage, mail order pharmacy, and specialty medications. Also provides CVS MinuteClinic services at retail locations nationwide.
• Mayo CliniccoreStrategic or Co-development PartnerCenters of Excellence partner for complex procedures including bariatric surgery. Mayo Clinic locations in Arizona, Florida, and Minnesota are approved facilities.
• QuestSelectcoreTechnology or IntegrationOutpatient laboratory testing partner offering no-cost lab work including blood tests, urine tests, cytology, pathology, and throat cultures for TeamCare members.
• USIN (US Imaging Network)coreTechnology or IntegrationAdvanced imaging services partner for MRI, CT, and PET scans. Services covered at no cost when scheduled through USIN at 1-877-674-0674.
• CVS MinuteClinicminorChannel Partner/ Reseller/ DistributorWalk-in clinic services available at select CVS Pharmacy and Target stores nationwide. Open 7 days a week including evenings and weekends with no appointment necessary.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Kaiser Permanente: Integrated HMO offered as a network option to TeamCare members in certain regions. Broad incumbent in group health with overlapping capabilities in managed care delivery.
• BlueCross BlueShield Association: TeamCare's primary medical network and claims partner. Operates broadly across group health insurance and PPO networks, including as administrator/TPA for many union and employer plans.

Others

• CVS Caremark: Pharmacy benefit manager and partner for TeamCare's prescription benefit. Comparable in scale of pharmacy benefit administration; ecosystem participant rather than direct competitor.

Direct peers

• 1199SEIU National Benefit Fund: Large multiemployer Taft-Hartley health and welfare fund serving 1199SEIU healthcare workers. Highly comparable as a union-sponsored health fund pooling contributions from many employers to deliver comprehensive benefits at scale.
• 32BJ Health Fund: Taft-Hartley health fund for SEIU 32BJ building service workers. Directly comparable model: CBA-funded, multiemployer, comprehensive medical/Rx/dental/vision benefits administered through partner networks.
• Operating Engineers Local 12 Health and Welfare Trust Fund: Operating Engineers multiemployer health and welfare fund. Same Taft-Hartley, CBA-driven model for unionized heavy-equipment operators and their families.
• SAG-AFTRA Health Plan: Taft-Hartley health plan covering motion picture, broadcast, and recording artists. Same trust-fund governance model, CBA-based contributions, and comprehensive medical/Rx/vision/dental benefit design.
• UNITE HERE Health: Multiemployer Taft-Hartley fund for hotel, gaming, food service, and related union workers. Same ERISA-governed multiemployer trust structure with employer/union contributions.
• Western Conference of Teamsters Pension Trust: Teamsters-affiliated multiemployer trust covering Western U.S. Teamster members. Closely comparable Teamster-specific, CBA-based benefit administration model to Central States' footprint.
• IATSE National Health & Welfare Fund: Multiemployer health and welfare fund for IATSE entertainment-stage workers. Comparable scale, CBA funding, and partner-driven benefit administration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Central States Health & Welfare and Pension Funds