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  1. #11
    I Am Rocking Now

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    Default Re: Retiree Insurance Program Acccepts W. Va. Teamsters

    I also called the hall after reading slave's link. I was directed to the welfare fund's administrator who (of course) was in a meeting. I left a detailed message and await his call.

  2. #12
    I Am Rocking Now

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    Default Re: Retiree Insurance Program Acccepts W. Va. Teamsters

    Quote Originally Posted by 2631 View Post
    I also called the hall after reading slave's link. I was directed to the welfare fund's administrator who (of course) was in a meeting. I left a detailed message and await his call.
    I got a call back from the fund administrator and he said that our fund had already applied to the program. He said that it is a good program and that it is a win win situation for the funds. It costs the unions, companies etc nothing and that they will be reimbursed up to 80% of the medical costs for retiree's medical expenses in the $15,000- $90,000 bracket.

    The reimbursements may be used to build up the funds and to lower retiree's insurance premiums.

  3. #13
    I Am Rocking Now

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    Default Re: Retiree Insurance Program Acccepts W. Va. Teamsters

    Did he give any indication that it might be used to help with premiums or will it all be used for the "build up"? You must have a good administrator to hear back already.

  4. #14
    "the real boss"

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    Default Re: Retiree Insurance Program Acccepts W. Va. Teamsters

    I merged this threads since they were basically the same topic (at the suggestion of Wolf)
    Since this should be a popular topic I will sticky for a while
    X475

  5. #15
    I Am Rocking Now

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    Default Re: Retiree Insurance Program Acccepts W. Va. Teamsters

    Quote Originally Posted by wolf View Post
    Did he give any indication that it might be used to help with premiums or will it all be used for the "build up"? You must have a good administrator to hear back already.
    No he didn't because he said that it probably wouldn't have much effect on our fund. He said that we don't have many retiree medical claims above the$15,000 threshold

    Yes he does a very good job. I have asked him questions at the union meeting and he has always given me straight answers. But I was surprised that he returned my call so fast.

  6. #16
    I Am Rocking Now

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    Default Re: Retiree Insurance Program Acccepts W. Va. Teamsters

    Quote Originally Posted by 2631 View Post
    No he didn't because he said that it probably wouldn't have much effect on our fund. He said that we don't have many retiree medical claims above the$15,000 threshold

    Yes he does a very good job. I have asked him questions at the union meeting and he has always given me straight answers. But I was surprised that he returned my call so fast.
    I would imagine that will be the story, and it very well may be true. At least it might deter the yearly premium increase I've been seeing.

  7. #17
    I Am Rocking Now

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    Default Re: Retiree Insurance Program Acccepts W. Va. Teamsters

    Quote Originally Posted by wolf View Post
    I would imagine that will be the story, and it very well may be true. At least it might deter the yearly premium increase I've been seeing.
    Since I will start paying COBRA next month I was hoping for a different answer. As of today my monthly insurance payment for my wife and I will be $1086. But I was told that it will be going up.

  8. #18
    ENOUGH I'VE HAD ENOUGH!!!

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    Default Re: Retiree Insurance Program Acccepts W. Va. Teamsters

    Quote Originally Posted by 2631 View Post
    Since I will start paying COBRA next month I was hoping for a different answer. As of today my monthly insurance payment for my wife and I will be $1086. But I was told that it will be going up.
    2631, if your plan at 560 is the same as we had in carhaul, a comparable plan at Horizon BCBS will cost you right around $3000 per month as an individual plan for husband and wife.

  9. #19
    I Am Rocking Now

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    Default Re: Retiree Insurance Program Acccepts W. Va. Teamsters

    Quote Originally Posted by mudflap560 View Post
    2631, if your plan at 560 is the same as we had in carhaul, a comparable plan at Horizon BCBS will cost you right around $3000 per month as an individual plan for husband and wife.
    Yes you are correct. But at 1 time we had very affordable retiree coverage. Back when Red Star shut down in May 2004 it was only $400 a month for a retiree & spouse. By August 2004 it jumped up to $1200. Management trustees wanted to drop retirees completely but compromised by having retirees paying the full rate. So now we are required to pay exactly what the company pays for active employees.

    But 560 has a plan that allows eligible retirees at age 63 to purchase medical ins. under the COBRA at half price for 18 months. That is why I waited for my 63rd birthday before retiring.

  10. #20
    On A Mission

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    Default Re: Retiree Insurance Program Acccepts W. Va. Teamsters

    Quote Originally Posted by 2631 View Post
    Yes you are correct. But at 1 time we had very affordable retiree coverage. Back when Red Star shut down in May 2004 it was only $400 a month for a retiree & spouse. By August 2004 it jumped up to $1200. Management trustees wanted to drop retirees completely but compromised by having retirees paying the full rate. So now we are required to pay exactly what the company pays for active employees.

    But 560 has a plan that allows eligible retirees at age 63 to purchase medical ins. under the COBRA at half price for 18 months. That is why I waited for my 63rd birthday before retiring.
    If only our pay could go up $800 in 3 months...I'm in the wrong racket.

 

 
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