Welcome to your 2027 Benefits!
The following is an overview of benefit options in 2027. To enroll in your benefits, log in to LORA Self Service. More details can be found by clicking on the tabs at the top of the page.
What's Changing This Year!
The following is an overview of changes you will see in 2027. This year will be a passive enrollment process. To make updates or changes to your benefits elections, log in to LORA Self Service to confirm or change your elections. If your beneficiaries have changed in 2026, please be sure to update your beneficiary records. As a reminder, if you participate in the Healthcare Spending Account or Flexible Spending Accounts, you must re-enroll in the plan every year.
Medical and Pharmacy Changes
- UnitedHealthcare continues to be our medical provider for 2027. You will still have four plan options to choose from: Core, Basic, Plus, and HDHP.
- Premiums for the Core, Basic, Plus, and HDHP plans will be increasing by 5% for 2027.
- Our our pharmacy benefit manager (PBM) will continue to be Express Scripts (ESI) by Evernorth. Speciality Medications savings and alternative funding programs will continue to be administered by NFP RX Solutions.
Wellness Programs
UHC Rewards will continue to be part of our wellness program in 2027. The annual reward will remain the same at $250. More information on the program will be shared during the Benefits Fair and Open Enrollment presentations.
Dental
Cigna continues to be our Dental provider for 2027. Please remember to check in advance of your appointment to ensure your dentist remains in the network. You will see a slight increase in premiums for the 2027 plan year.
Vision
The vision coverage premium and plan design will remain the same for 2027 with Unum. Rates will be decreasing this year. You can obtain an ID card by visiting www.unumvisioncare.com.
Life & Disability
- Unum will be the our new life and disability provider for 2027.
- During this year’s Open Enrollment, you will be allowed to enroll yourself and your spouse up to the guarantee issue amounts without any health questions. This includes employees who are currently enrolled and would like to increase your benefits. The guarantee issue amount is $250,000 for employees and $20,000 for spouses.
- If you elect an amount above guarantee issue, you will be required to complete Evidence of Insurability (EOI).
- If you are currently enrolled with more than the guarantee issue amount, your benefit amount will be “grandfathered” in. You’ll be able to keep your current election.
Worksite
- Unum will be our new Hospital Indemnity, Accident and Critical Illness provider for 2027.
Employee Assistance Program
Reminder: Loyola provides employees with a confidential Employee Assistance Program at no charge. Skilled behavioral professionals can suggest solutions to problems caused by stress or changes in life.
- Employees enrolled in a Loyola Medical Plan through UnitedHealthcare will have access to the UHC EAP Core program.
- Employees that do not participate in Loyola's medical insurance may access Employee Assistance Program benefits through Aetna/Horizon Health.
Flexible Spending Accounts
Associated Bank will continue to be our new administrator for Flexible Spending Accounts (FSA) in 2027.
- For 2027, the maximum contribution limit for a Health Care FSA is $3,500 *.
- For 2027, the maximum contribution limit for Dependent Care FSA is $7,500.
- If you had a Health Care FSA in 2026, you can roll over up to $680 of any remaining balance into 2027. You must re-enroll in the FSA to take advantage of the rollover provision.
*Projected IRS FSA limit for 2027
Health Savings Accounts (HDHP only)
If you elect the HDHP plan option, you will also be eligible to elect a Health Savings Account (HSA) through Optum Bank. Benefits of an HSA include:
- For 2027, the maximum contribution is $4,500 for self-only coverage and $9,000 for family coverage, with an additional $1,000 catch-up allowed for individuals age 55 or older.
- The money you deposit is tax-free
- An HSA can be used to pay for IRS qualified medical expenses including dental and vision. For a full list of services please visit Qualified Medical Expenses Tool | Optum Now.
- Monies in the account rollover year after year with no limit – there is no “use it or lose it” provision.
- Loyola will contribute $250 for employee only coverage or $500 for family coverage (Employee + Spouse and/or Child). The contribution will be funded throughout the year.
This Digital Benefits Guide only summarizes your benefit plans. If there is a discrepancy between the information in this document and the carrier plan document, the carrier plan documents will always govern.