If you or your eligible dependents elect to enroll in the plan benefits, the appropriate premium must be deducted from your monthly pension benefit. However, in rare cases, if the amount of your monthly premium is greater than the gross amount of your pension check, special arrangements will be made to allow you to submit a payment, for the difference, directly to the Fund Office. If this circumstance applies to you, you will receive a letter from the Fund Office advising you of the remaining monthly premium amount due. Enclosed with the letter, will be remittance forms that you must use if you are mailing checks or money orders to the Fund Office. We also accept on-line electronic payments from your checking, savings, or credit card account.
Please note that for on-line electronic payments an additional convenience service fee applies ($1.50 for checking or savings account transactions and 2.5% for credit card transactions). Before you can use the on-line electronic payment system, the Fund Office must establish an account for you on the electronic payment website. Once your account has been established, click here and enter your UID# (without the dashes) to access the electronic payment system. To assist the Fund Office in processing your electronic payment, you must specify the month(s) for which you are paying in the applicable section on the electronic payment website.
Once you have made your payment, you will receive a confirmation number and a confirmation e-mail will be sent to the e-mail address that you will provide on the electronic payment website. It is recommended that you save the confirmation for your records. Regardless of the method of payment you select for submitting your premium payment, failure to submit timely will result in cancellation of coverage.
RETIREE INSURANCE PREMIUMS
(Premiums Effective January 1, 2011)
For those who meet the eligibilty requirements for Retiree Health Benefits, the monthly premiums will be determined by the number of Vesting Credit that a participant has earned.
(A maximum of one year of Vesting Credit can be earned per calendar year.)
Current Retiree Premiums:
|
|
Years of Vesting Credit
|
Per Person Per Month Premium for
Non-Medicare Eligible Comprehensive Medical Benefits
|
Per Person Per Month Premium for
Medicare Eligible Comprehensive Secondary Medical Benefits
|
Per Person Per Month Premium for
Prescription Drug Coverage
|
|
Premiums
May
Increase
In The
Future
|
10
|
300.00
|
80.00
|
106.00
|
|
11
|
294.00
|
77.00
|
106.00
|
|
12
|
289.00
|
76.00
|
106.00
|
|
13
|
284.00
|
75.00
|
106.00
|
|
14
|
278.00
|
74.00
|
106.00
|
|
15
|
273.00
|
72.00
|
96.00
|
|
16
|
267.00
|
70.00
|
96.00
|
|
17
|
262.00
|
69.00
|
96.00
|
|
18
|
257.00
|
67.00
|
96.00
|
|
19
|
251.00
|
65.00
|
96.00
|
|
20
|
246.00
|
64.00
|
86.00
|
|
21
|
241.00
|
62.00
|
86.00
|
|
22
|
235.00
|
61.00
|
86.00
|
|
23
|
230.00
|
59.00
|
86.00
|
|
24
|
225.00
|
57.00
|
86.00
|
|
25
|
219.00
|
56.00
|
75.00
|
|
26
|
214.00
|
55.00
|
75.00
|
|
27
|
209.00
|
52.00
|
75.00
|
|
28
|
203.00
|
51.00
|
75.00
|
|
29
|
198.00
|
50.00
|
75.00
|
|
30 or More
|
187.00
|
47.00
|
75.00
|
The monthly Retiree Health Care Benefit premium rate for spouses and dependent children of pensioners receiving Disability pensions are not based on the number of years of earned Vesting credit. The premiums are as follows:
- $170.00 per person per month for Comprehensive Major Medical coverage
- $55.00 per person per month for prescription drug coverage
The premium charged for you, the disability pensioner, will still be determined in accordance with the tiered premium structure. If your spouse or dependent child is now or later becomes eligible for Medicare, the premium for your spouse or dependent is or will be determined by the tiered premium structure.
|