HRA Health Benefit Plan Changes. As your aware there have been important changes to the Iron Workers District Council of Philadelphia and Vicinity Health Benefit Plan:
- Eligibility rules have changed to make it easier for participants to maintain coverage during periods of under employment.
- The plan started a Health Reimbursement Arrangement (HRA) Program effective March 1, 2021. Credits go into your HRA Account for each hour you work. You’ll be able to use those Credits to be eligible for coverage and/or to pay for eligible health care expenses paid by you or your covered dependents for deductibles, copayments and coinsurance under this Plan or any other qualified group health plan in which you’re enrolled. The more you work, the easier it will be to maintain your eligibility—and the more Credits you’ll have to cover health care expenses.
- You can choose from different levels of coverage and how many people you want to cover. This will allow you to find a health plan option that meets your needs and budget. And it will continue put our Health Benefit Plan on stronger financial ground going forward. This will help current and future participants, our contributing employers and the Plan.
You’ll be able to make your choices during the enrollment period, which begins October 18, 2021 and ends on November 1, 2021.
The HRA Program At-A-Glance
The Trustees know how vital the Plan is to you and your family. We want to make sure you can count on your health benefits now and for years to come. To do that, the Trustees decided to make some significant changes to the Plan for active members in 2021.
Beginning March 1, 2021, the Plan began offering three health plan options, including the one available now, to active members and their dependents. Each plan option provides you with the health coverage you need to care for yourself and your family. Based on the hours you work, you accumulate “Credits,” which you can then use to be eligible for coverage or to pay for eligible health care expenses. For example, the plan option that’s the same as what you have now offers the highest level of coverage, but it requires the most Credits for eligibility. If you don’t have enough Credits for the health plan you want, you can pay the difference out of pocket.
Enrollment for the 2022 calendar year will run from October 18, 2021, through November 1, 2021. During this period, all eligible participants will have a chance to select a coverage option. YOU DO NOT NEED TO COMPLETE A NEW ENROLLMENT FORM IF YOU WISH TO MAINTIAN YOUR CURRENT PLAN AND COVERAGE TYPE. You will receive an enrollment guide in the mail that will explain the program in detail and the enrollment process. All eligible participants will also receive a personalized statement that shows what your HRA Program account balance.