News & Changes

The Trustees have approved to continue coverage for the spouses and/or dependent children of Medicare Retirees after 3/1/2011.  To offset the costs associated with this coverage, the following changes were approved by the Trustees effective 6/1/2011:

1. Non-Medicare spouses and/or dependent children of Medicare Retirees’ can continue coverage on our Retiree Plan until the spouse attains age 65 or becomes Medicare eligible.  The dependent child can continue coverage until the dependent attains age 23 and is a full time student.
2. The first dependent covered (whether it is a spouse or a dependent child) will pay a monthly premium of $500.00 for benefits and any additional dependents will pay a $400.00 monthly premium for benefits.
3. The participants covered under the non-Medicare Retiree Plan will have to meet the following Deductibles, Coinsurances and Out-of-Pocket Maximums through Horizon Blue Cross Blue Shield as follows:

• In-Network Deductible of $750.00 and Out-of-Network Deductible of $1,000.00 per person / per year.
• In-Network Coinsurance of 20% and Out-of-Network Coinsurance of 50%.
• In-Network Out-of-Pocket Maximum (OOP) of $5,000.00 per person / per year.

4. The participants covered under the non-Medicare Retiree Plan will have the following Prescription Benefit Changes through the MagnacareRx Prescription Plan:

• Annual prescription deductible of $400.00, Retail (local pharmacy), Mail Order (RXDN), and Specialty (Diplomat) combined, per person / per year.
• 20% Coinsurance per prescription will apply after the annual deductible has been met.
• Retail copayment minimums are $10 (generic) /$25 (brand formulary) / $50 (brand non-formulary) with a maximum of $75.00 per 30 day prescription.
• Mail Order copayment minimums are $20 (generic) /$50 (brand formulary) /$100 (non-formulary) with a maximum of $150.00 per 90 day prescription.
• Specialty copayment minimum is $50.00 with a maximum of $150.00 per 30 day prescription.

A Summary Plan Description (SPD), once completed, will be mailed to you.  In the meantime, if you have any questions, please do not hesitate to contact the Fund Office. 

Please click here to view the Notice