Mid-America Carpenters Regional Council Benefit Funds
Retiree Health Plan Premiums
What you pay for retiree health coverage depends on a few things:
- Your number of years of eligibility credit;
- The type of coverage you elect;
- If you or your dependent is Medicare eligible; and
- The number of eligible dependents you enroll.
The Retiree Health Plan premium structure is tiered based upon the number of eligibility credits you earned during your career. The more eligibility credits you have, the lower the per person premium for medical and prescription coverage. Dental and vision benefits are fully insured with fixed premiums determined on an annual basis by the companies which insure these benefits.
Premium payments are required on a monthly basis and are automatically deducted from your monthly pension benefit. If your premium exceeds your monthly benefit amount, the Retirement Benefits Department will work with you to set up the monthly payment of any remaining premium amount due. Premium payments are due no later than the first day of the month in which coverage is extended.
Pay Your Premiums Online
What happens when I become eligible for Medicare?
The Retirement Benefits Department will contact you approximately 3 months before you or your spouse become eligible for Medicare with information and a reminder to apply for Medicare benefits. You must elect Medicare Parts A & B coverage and you must send us a copy of your Medicare ID card. If you are on the Comprehensive Medical Plan, your coverage will be automatically be moved to the Comprehensive Medicare Supplement coverage on the first day of the month in which you qualify for Medicare benefits. Your monthly premium will be reduced.
Retiree Health Plan Premium Rates