RETIREE RATE CHANGE NOTICE EFFECTIVE February 1, 2021
We are pleased to inform you that the Board of Trustees of the New England Electrical Workers Benefits Fund has approved a change to the plan that means that you will pay nothing for your medical coverage under the Fund. This change will begin on February 1, 2021.
Here are the revised premiums for Medicare-eligible spouses and dependents currently enrolled in the plan:
LOCAL 104 RETIREE RATES FOR LOCAL 104 CBA RETIREES AND LOCAL 104 UNION OFFICE RETIREES
(Not applicable to NON-CBA Retirees from other employers)
RETIREE 55-60
SINGLE – Med/Dental/Vision/RX
TOTAL MONTHLY COST (NON-CBA)= $690
MEMBER PAYS (CBA)= $690
LOCAL 104 COVERS COST ON CBA MEMBERS= $0
2-PERSON
TOTAL MONTHLY COST (NON-CBA)= $1380
MEMBER PAYS (CBA)= $1380
LOCAL 104 COVERS COST ON CBA MEMBERS= $0
FAMILY
TOTAL MONTHLY COST (NON-CBA)= $1380
MEMBER PAYS (CBA)= $1380
LOCAL 104 COVERS COST ON CBA MEMBERS= $0
RETIREE 60-62
SINGLE – Med/Dental/Vision/RX
TOTAL MONTHLY COST (NON-CBA)= $690
MEMBER PAYS (CBA)= $0
LOCAL 104 COVERS COST ON CBA MEMBERS= $690
2-PERSON
TOTAL MONTHLY COST (NON-CBA)= $1380
MEMBER PAYS (CBA)= $690
LOCAL 104 COVERS COST ON CBA MEMBERS= $690
FAMILY
TOTAL MONTHLY COST (NON-CBA)= $1380
MEMBER PAYS (CBA)= $690
LOCAL 104 COVERS COST ON CBA MEMBERS= $690
RETIREE 62-65
SINGLE – Med/Dental/Vision/RX
TOTAL MONTHLY COST (NON-CBA)= $460
MEMBER PAYS (CBA)= $0
LOCAL 104 COVERS COST ON CBA MEMBERS= $460
2-PERSON (BOTH UNDER 65)
TOTAL MONTHLY COST (NON-CBA)= $690
MEMBER PAYS (CBA)= $230
LOCAL 104 COVERS COST ON CBA MEMBERS= $460
2-PERSON (MEMBER UNDER 65, SPOUSE OVER)
TOTAL MONTHLY COST (NON-CBA)= $575
MEMBER PAYS (CBA)= $115
LOCAL 104 COVERS COST ON CBA MEMBERS= $460
FAMILY
TOTAL MONTHLY COST (NON-CBA)= $863.50
MEMBER PAYS (CBA)= $402.50
LOCAL 104 COVERS COST ON CBA MEMBERS= $460
RETIREE OVER-65
RETIREE OVER 65
TOTAL MONTHLY COST (NON-CBA)= $115
MEMBER PAYS (CBA)= $0
LOCAL 104 COVERS COST ON CBA MEMBERS= $115
2 PERSON BOTH OVER 65
TOTAL MONTHLY COST (NON-CBA)= $230
MEMBER PAYS (CBA)= $115
LOCAL 104 COVERS COST ON CBA MEMBERS= $115
2 0VER 65 PLUS DEPENDENT
TOTAL MONTHLY COST (NON-CBA)= $517.50
MEMBER PAYS (CBA)= $402.50
LOCAL 104 COVERS COST ON CBA MEMBERS= $115
RETIREE OVER 65, SPOUSE NOT
TOTAL MONTHLY COST (NON-CBA)= $345
MEMBER PAYS (CBA)= $230
LOCAL 104 COVERS COST ON CBA MEMBERS= $115
RETIREE OVER 65, SPOUSE NOT, WITH FAMILY
TOTAL MONTHLY COST (NON-CBA)= $517.50
MEMBER PAYS (CBA)= $402.50
LOCAL 104 COVERS COST ON CBA MEMBERS= $115
For those members currently enrolled under the Automatic Withdrawal or Automatic Credit Card payment plan, the automatic payment will be adjusted on February 1, 2021, to reflect these new reduced rates.
If you make monthly payment, please be sure to send the revised premium amount beginning with your payment for February 1, 2021.
If you’ve already made any payments for 2019, please contact the Fund Office so that an adjustment can be made to your account.
United Health Care Group Medicare Advantage Plan
United Health Care Group Medicare Advantage Plan
John Hancock
IBEW Local 104 has partnered with John Hancock for Retirement plan services. If you have any questions regarding your account, please contact John Hancock at 800-294-3575
Online access: Mylife.jhrps.com
- View your account
- Request statements
- Help manage your account
- Learn more about your plan benefits
- Perform transaction
ELIGIBILITY FOR RETIREE BENEFITS
Eligibility Before Medicare
If you retire on or after turning 55 years of age, you are eligible to continue your coverage under the Plan until you are eligible for Medicare coverage or age 65 (whichever comes first) if you meet all of the following requirements.
1. You are eligible for benefits on your retirement date, based on Employer contributions, your Bank of Hours, or COBRA self-payments.
2. You have been credited with at least 5,000 hours of contributions in the seven years immediately preceding your retirement. For this purpose, you will be credited with 40 hours per week for each week you received Weekly Accident & Sickness benefits or Workers’ Compensation benefits for which no contributions were made on your behalf. If you do not have 5,000 hours during that period, you will not be eligible for retiree coverage under the Plan, but you will be eligible for COBRA coverage.
3. You agree to make the required monthly self-payment rate on time. The monthly self-payment rate is determined at least annually and may change at any time.
4. You have been a participant for at least ten consecutive years immediately before retirement in this Benefits Fund or in a health fund that has merged into this Fund. Been a participant for at least ten consecutive years is defined as the Participant having active coverage (including COBRA) at the time of retirement and having had coverage in at least one month in each year of the preceding 10 years immediately before retirement.
Eligibility After You Become Eligible for Medicare
Once you become eligible for Medicare (whether or not you apply for and enroll in Medicare Parts A or B), your coverage will change to a Medicare Supplemental Benefit. The Plan coordinates with your Medicare benefits (see “Medicare: Coordination” in the Summary Plan Description for additional information). If you do not elect Medicare Parts A and B when you become eligible, the Plan will not consider your Part A or Part B claims until proof of Medicare eligibility is provided by the Fund Office.
This Plan offers its retirees Prescription Drug Coverage that is actuarially equivalent as the coverage provided under Medicare Part D.
Delaying Retiree Coverage
Upon retirement, a Participant who is otherwise eligible for retiree coverage but subsequently left the plan and maintained continuous credible coverage elsewhere, to reenter the plan for retiree coverage, at the then current retiree rates for their applicable class of coverage. At the time of the delayed election of retiree coverage, both the retiree and spouse must show proof of continuous coverage for the entire period from the date they were first eligible for retiree benefits through the date of the delayed election.
If Opting Out of the Retiree Coverage please contact the Fund Office at 1-800-832-6538.