Monthly Costs

“Retirees Except Class E” are required to pay part of the monthly cost of their health care coverage through a premium contribution. All retirees pay a monthly premium if they enroll in dental coverage. The cost of retiree medical and dental coverage is reviewed annually and may change each year.

Premium Costs for Medical Coverage – “Retirees Except Class E”

The amount you pay depends on your and your spouse/domestic partner’s (if any) eligibility for Medicare, and whether you elect single or family coverage.

  • If you don’t enroll a spouse/domestic partner: You pay the single rate, and you may enroll your eligible children, as well.
  • If you enroll a spouse/domestic partner: You pay the family rate, and you may enroll your eligible children, as well.

The monthly rates in effect as of April 1, 2018 are:

  • Single: If you’re eligible for Medicare: $67.06
  • Single: If you’re not eligible for Medicare: $167.66
  • Family: If you and your spouse/domestic partner are both eligible for Medicare: $134.12
  • Family: If either you or your spouse/domestic partner is eligible for Medicare: $234.72
  • Family: If neither you nor your spouse/domestic partner is eligible for Medicare: $335.32

Premium Costs for Dental Coverage – All Retirees

The monthly cost to cover yourself and any eligible dependents through December 31, 2017  is $89.00. Effective January 1, 2018 through December 31, 2018, the rate is $93.00 per month.

Note: The value of coverage for domestic partners and their children may be subject to federal income taxes. Contact the Fund Office if you need additional information.

Authorized Pension Deductions

Your monthly payment for your share of the coverage cost will be deducted from your pension check if you have authorized it. If your pension check is insufficient to cover the payment, or if you have not authorized a pension deduction, you will be required to submit payments directly to the Fund. The Fund accepts a wide variety of payment methods including checks, money orders, Visa, MasterCard, and debit cards.

You may cancel your pension deductions at any time and continue your coverage as long as you submit timely payments to the Fund.

Late Payment and Loss of Coverage

Here’s what happens if you are late with a payment, or you fail to make a payment for your coverage:

  • If payment of your premium contribution is not postmarked or delivered to the Fund Office by the due date (typically, the day before the first day of the coverage month), your coverage will end at 11:59 p.m. on the due date.

THEN

  • If payment is postmarked or delivered within 30 days following the due date, your coverage will be reinstated retroactive to the date it was cancelled.

If your payment is not postmarked or delivered within 30 days following the due date, you cannot re-enroll until the third regular annual Open Enrollment period that follows the date your coverage ended. For example, if your coverage ended March 31, 2017, due to a failure to pay your premium contribution, you cannot reenroll until the Open Enrollment in late 2019 for coverage effective January 1, 2020.