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Eligibility

Early or Normal Retiree
Must be receiving a pension from the Carpenters Retirement Plan (or, for retired lathers, from the Cement Masons and Plasterers Retirement Plan) and must have 7,500 hours (excluding reciprocal hours) in the 120 months prior to retirement.
Disability Retirement
Same criteria as above except that the 7,500 hours must have been reported in the 120 months prior to the date of disability.
Surviving Spouse
Must be receiving a monthly retirement or preretirement benefit from the Carpenters Retirement Plan.
 
Retirement health benefits are not vested or guaranteed.

 

Medicare

Pre-Medicare
Prior to Medicare eligibility, the plan is very similar to that of active participants.
Medicare Eligible
Once you or your spouse are eligible for Medicare, you must enroll in both Medicare Part A and Part B. Failure to do so will result in a reduction of benefits. You will automatically be enrolled in Medicare Part D by the Trust.
Options for retirees on Medicare
You have three basic options with regard to the plan once you are on Medicare:

  1. Stay in the Retired Plan.

  2. Enroll in SecureHorizons.

  3. Disenroll from the Retired Plan and purchase a Medicare Supplemental Plan (Medigap) or Medicare Advantage Plan.

See below for descriptions of the costs and benefits of these options. 
 

Costs and Benefits

Retired Plan
The monthly cost per person is $520 for pre-Medicare and $276 for those on Medicare. These rates do not include the service-based subsidy.

The Retired Plan is generally the same as the Employed Plan except for the differences noted below.
SecureHorizons
The monthly cost per person is $279.

SecureHorizons is a Medicare Advantage Plan that covers prescriptions as well as everything covered by Medicare. You continue to have life insurance through the Retired Plan.

These rates do not include your service-based subsidy, if applicable.
 

Primary Differences from Employed Plan

Copayments
In general, only apply to non-Medicare individuals

Dental, Vision and Time Loss Benefits
Not covered

Hearing Aids
Not covered

Home Health Care
$1,500 annual calendar year maximum for Medicare individuals

Life Insurance
Retiree / $2,000
Spouse & Dependent Children / $1,000

Medical Review Program
Not applicable to individuals on Medicare

Orthognathic Surgery
Not covered

PPO (Preferred Provider Organizations)
Not applicable to individuals on Medicare

Prescription
Medicare eligibles are covered under Medco Medicare Prescription Plan.

Preventive Care
Routine examinations are not covered. Some screening services are covered.

Skilled Nursing
Calendar year maximum $5,000

TMJ and MPDS Treatment
Not covered

 
 

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