Company Profile
Company Overview
The 1199SEIU Family of Funds is committed to caring for the healthcare workers who care for others through programs and services that build better lives for our members and invest in the workforce to improve patient care and the healthcare industry.
Through the Benefit and Pension, Training and Employment and Child Care Funds, 1199SEIU members enjoy complete health benefits, a defined monthly pension at retirement and training, educational, job security, and child care benefits all at little or no cost.
Company History
The 1199SEIU Funds began with the Local 1199 Benefit Plan. Formed in 1945, its goal was to provide basic health, disability and life insurance benefits to just 300 New York City retail drugstore workers with employer-paid contributions. In 1948, the Benefit Fund became self-insured and self-administered. Since then, the Fund has continued to grow, providing the infrastructure to support additional benefit funds that provide coverage for healthcare workers throughout the industry in hospitals, nursing homes and home care agencies. Today, the five jointly-administered Benefit Funds provide a full package of benefits, including hospital, medical, prescription, dental, vision and quality of life benefits to 400,000 members, retirees and their families.