Open Enrollment ends on February 29, 2024
Fund Office staff is still available to meet one-on-one with members and offer assistance with the following:
- Discuss and answer questions regarding each health plan option that is offered
- Review your Credit Bank and projected work hours to determine a health plan option that best meets your family’s needs
- Transferring credits from your Credit Bank to your Retiree Medical Savings Plan (RMSP) account, if eligible
- Adding or removing dependents from coverage under the Welfare Fund
- Updating Coordination of Benefits information for your spouse or adult dependents
- Updating beneficiary information for each fringe benefit
- Updating your Communication Preferences in your My150 account
We look forward to assisting you and your family.
Credit costs for all the health plan options will remain the same for the next Plan Year EXCEPT for Marketplace Plan A. Credit costs for Marketplace Plan A will increase by 7% for the 2024/2025 Plan Year.
The chart below outlines the Marketplace Plan A credit costs effective April 1, 2024:
Marketplace Plan A Monthly Credit CostsEffective 4/1/2024 – 3/31/2025 |
|||
|
Plan |
Member |
Member +1 |
Family |
|
Marketplace Plan A |
1,587
(104 additional credits) |
1,840
(120 additional credits) |
2,094 (137 additional credits) |
If you are currently enrolled in the Marketplace Plan A health option, Open Enrollment is the time for you to think about your health plan utilization for the current Plan Year:
- How much did you and your family actually go to the doctor or have a hospital stay?
- How much of your individual/family medical annual deductible & out-of-pocket did you meet?
- Has the health of yourself or any of your covered dependents changed over the past year that may require additional medical treatments?
Based on your responses, consider if you would like to remain in Plan A, or if one of the other health plan options may be a better fit for you and your family.
Also, be sure to maximize your benefits such as utilizing the free services that are available for you regardless of your health plan option.
|
Enhancement Description |
Effective Date |
|
Active Plans (except the Bronze Plan): Effective April 1, 2024
Retiree Plan: Effective January 1, 2024
Plan E: Effective April 1, 2024 |
|
Active Plans: Effective April 1, 2024
Retiree Plan: Effective January 1, 2024 |
|
Active Plans: Effective April 1, 2024 Retiree Plan: Effective January 1, 2024 |
|
Active Plans with disability benefits*: Effective April 1, 2024 |
* Please refer to your Plan’s Schedule of Benefits for specific benefit information.