RETIREE RATE CHANGE NOTICE EFFECTIVE JANUARY 1, 2019
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 January 1, 2019.
Here are the revised premiums for Medicare eligible spouses and dependents currently enrolled in the plan:
Monthly Retiree Self Pay Rate for:
- Single Person Medicare-Eligible Retiree — Current Rate: $115.00, New Rate Effective January 1, 2019: $0.00.
- Two Person Medicare-Eligible Retiree with a Medicare-Eligible Spouse or Dependent —
Current Rate: $230.00, New Rate Effective January 1, 2019: $115.00. - Two Person Medicare-Eligible Retiree with a Spouse or Dependent who is not Medicare Eligible —
Current Rate: $575.00, New Rate Effective January 1, 2019: $460.00.
For those members currently enrolled under the Automatic Withdrawal or Automatic Credit Card payment plan, the automatic payment will be adjusted on January 1, 2019 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 January 1, 2019.
If you’ve already made any payments for 2019, please contact the Fund Office so that an adjustment can be made to your account.
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
Retiree/Medicare Supplement Program
Qualifications:
- You must be 55 or disabled
- Have 5,000 hours in the Past 7 years for Collectively Bargained Employees
- You must have active coverage on your retirement date either through banked hours or COBRA
- If you are Medicare age eligible YOU MUST elect Parts A & B coverage along with submitting proof of coverage
- You agree to make the required self-payment rate on time. The monthly payments are due on the 1st of each month
- Non-Collectively Bargained Employees must be a participant of the plan for 10 consecutive years
Pricing:
Single Retiree starting at Age 55:
Medical, Dental, Vision and RX ……$0.00
Single Retiree with Spouse and not Medicare Eligible:
Medical, Dental, Vision and RX ……$690.00
Single Retiree with Spouse & Family not Medicare Eligible:
Medical, Dental, Vision and RX ……$690.00
Single Retiree Over Age 65 and on Medicare — Medicare Supplement:
Medical, Dental, Vision and RX ……$0.00
Retiree and Spouse BOTH OVER Age 65, and on Medicare — Medicare Supplement:
Medical, Dental, Vision and RX ……$115.00
Retiree on Medicare and Spouse not on Medicare:
Medical, Dental, Vision and RX ……$460.00
If Opting Out of the Retiree Coverage please contact the Fund Office at 1-800-832-6538.