Dear Brothers and Sisters,
I have dedicated my report to only one subject because I, along with Justin and the rest of my staff, agree it is the most value we can provide the clients. And we need to continue to capitalize on it now while the opportunity is at hand.
Automatic Deduction for COBRA Payment is Now Available
COBRA premium payments can now be deducted automatically from your bank account.
If you would like to utilize this valuable tool, the “COBRA Payment Authorization Agreement for Automatic Deduction” form can be found on our website at www.pibf.org, located under the “H&W Benefits” tab, under “PIBF Forms,” Form #21. Mailing instructions are included on the form, and a copy of a voided preprinted check must be attached. If the name on the account is not in the member’s name, or a check copy is not attached, the form must be notarized.
Email Addresses and Other Personal Information
To remain HIPAA compliant, PIBF and Local 798 do not share change of address information. It is extremely important that plan participants notify both 798 and PIBF when permanent address changes occur or when email or telephone numbers change. You can change your address by mail, by calling the Fund office at 918-280-4800, or by going online to www.pibf.org, logging in to the “Members Login” section and choosing “Change of Address Form” under the “Forms” tab.
Deductibles Renew January 1st
Please remember that medical and prescription deductibles start over at the beginning of the year. The PIBF office receives a large volume of calls early in the year, questioning the prescription price increase from their last refill. In most cases, this is due to the deductible having to be met before the prescription is covered with co-insurance.
Health Reimbursement Arrangement (HRA)
The HRA deadline is fast approaching for 2019 claims. Don’t leave money on the table! Remember to file for reimbursement of your 2019 claims by April 15, 2020.
COBRA and Retiree Coverage
We frequently are asked questions about COBRA and Retiree coverage. Below are facts and highlights for these coverages. Please refer to the PIBF Health and Welfare Plan Benefits Summary Plan Description for complete information.
- Single coverage is $435 per month.
- Family coverage is $1,000 per month.
- COBRA can be purchased for 18 months under most situations; if active eligibility is gained within this 18-month period, the 18-month COBRA coverage period will restart when the active eligibility period runs out.
- COBRA can be extended up to 29 months in some disability situations.
- COBRA can be purchased for dependents for 36 months as the result of certain qualifying events.
- COBRA rules are mandated by federal law, and PIBF is required to offer members and their families the opportunity for a temporary extension of health coverage (called continuation coverage) in certain instances where coverage under the plan would otherwise end. PIBF’s COBRA coverage is not administered using internal guidelines but is instead dictated by federal guidelines that are not subject to modification.
- You cannot skip a month of COBRA coverage. If your payment is not received by the due date, the COBRA coverage terminates and cannot be restarted. You will not have coverage again until you gain active eligibility. Self-payments are payable monthly and due on the 1st day of the month, subject to a 30-day grace period following the due date.
- COBRA coverage provides the same core medical benefits as active coverage.
- Member and Spouse both on Medicare Part A & B $150 per person
- Member and Spouse not on Medicare $450 per person
- $150 Additional Dependent
- RX deductible $250 per person annually
- Retirees on Medicare only have $500 deductible on Part A services, Part B no deductible
- Coverage does not include Dental, Vision, Death Benefit and Hearing Aid Benefits
- Includes HRA Benefits
Toni Gant is a Claims Processor and will celebrate her two-year anniversary with PIBF in May. She loves traveling with her family and watching Hallmark movies. She has been married to her husband, Jimmy, for 24 years and has two children – Paige, 23, and Caleb, 18. She would like the membership to know that she really enjoys working at PIBF. Toni loves talking to the members and getting to know them as they call in with questions. She feels very lucky to be a part of PIBF and appreciates all the hard work of the members. Toni says, “I know the membership’s continuous hard work is providing me this opportunity, and I look forward to many more years at PIBF.”
Stephanie Sharp has been with PIBF in the Job Control area for almost 12 years. She processes all incoming checks from the contractors as well as other checks from other locals that send reciprocal monies in. Her daughter, Grace, is 12 years old and loves to play softball. If she is not at work, you can find her either on the softball field for a game, at a tournament, softball practice, or pitching lessons with her daughter. She loves spending time with her family and enjoying her two nephews and her niece. Her nephews, Ryder and Brantley, are ages 8 and 6 and love to play any type of ball. Her niece Adalynne is 10 months old and starting to scoot around the house. Stephanie would like to share a reminder with the membership, “If you work out of another Local, it takes two full months for us to see those benefits start rolling into PIBF.” She has also shared a favorite quote of hers, “Hard work always pays off, whatever you do.”-Dustin Lynch
MORE 798 STORIES
Dear Brothers and Sisters, I have dedicated my report to only one subject because I, along with Justin and the rest of my staff, agree it is the most value we can provide the clients. And we need to continue to capitalize on it now while the opportunity is at hand.
Dear Brothers and Sisters, I hope everyone’s year has gotten off to a good start. At the time of this writing, union contractors have picked up three more jobs in Texas under the Market Recovery package. This is great news, and we anticipate more to come.
At the moment, work is slow at every level. In dispatch, we are diligently looking for work with other local unions by making phone calls every day.
New Pension Tax Table Installed Pension tax tables are updated in the first quarter each year. The new table for 2020 will be installed effective March 1, 2020. Please review your deposit amount as of that date and after and let us know if you need to make any changes.