Monthly Contributions

When the retiree’s Carpenters Health and Security Plan – For Retired Carpenters Application is approved by the Trust Office, coverage is on a month-to-month basis as long as the retiree, spouse and dependent children continue to meet the eligibility requirements and the required monthly contribution is made to the Trust Office.

Monthly Contribution Rate

There are different monthly contribution rates depending on (1) which individuals are participating in the Retired Plan, (2) which individuals are eligible for Medicare, and (3) which health care option was elected by those individuals entitled to Medicare. Monthly contribution rates are established by the Board of Trustees and are increased as medical costs increase and the needs of the plan change. The individual will be notified of the current monthly contribution rate when applying and will be informed, in writing, if this amount changes.

How To Make Payments

The monthly contribution is due by the tenth of the month prior to next month’s coverage. For example, the contribution for February is due by January 10. Contributions to this plan can be made in one of two ways:

• Authorize automatic monthly deductions from the Carpenters Retirement Plan of Western Washington or from the Carpenters Individual Account Pension Plan of Western Washington; or
• Authorize the Trust Office to bill on a monthly basis. This is the only option available to retired lathers.

Failure to make the required monthly contribution will terminate coverage at the end of the last month in which payment was made. When coverage is terminated, it cannot be reinstated.