Rocky Mountain UFCW Unions & Employers Health Benefit Plan
| 5511 West 56th Avenue, Suite 250Arvada, Colorado 80002 303-430-9334 or 800-527-1647 | Mailing Address:P.O. Box 447Arvada, Colorado 80001-0447 |
December 2010
Important Notice Regarding Retiree Premium Rates
For Retirees Who Make Their Monthly Premium Self-Payments by Check
Please read this carefully and note the applicable changes in your monthly retiree premium. The Trustees of the Rocky Mountain UFCW Unions & Employers Health Benefit Plan reviewed the current retiree premium rates and determined that it is necessary to increase the monthly premium rates effective January 1, 2011. The chart below shows the rates.
Save money—pay your monthly retiree premium electronically. In addition to the retiree premium rate increases noted above, the Trustees will implement a monthly fee of $25 effective April 1, 2011, for retirees who pay their monthly retiree premium with a check, rather than having their premium deducted from their monthly pension check (“auto-deduction”) or having their premium sent to the Plan directly from their bank account in an electronic format.
Retirees who do not pay by auto-deduction or electronically will be required to pay the $25 fee in addition to their monthly premium. The coupons included in this mailing are for the months of January, February and March 2011 only.
If you continue paying your monthly retiree premium by check, your premium rate will increase by $25 effective April 1, 2011. A new set of coupons will be issued to you for the remainder of the year if you choose to continue paying by check.
Options available to you: If you want to pay the lower monthly amount and know that your monthly pension check is sufficient to cover your monthly retiree premium, please contact the Plan Office before March 15, 2011. The Plan will then send you the form to authorize the monthly deduction.
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If you want to pay the lower monthly premium and would like to have your premium deducted from your bank account and sent electronically, please contact the Plan Office to arrange for this to be done before March 15, 2011.
- If you want to continue paying by check, do nothing and you will pay the higher premium effective with your April 1, 2011 payment.
For Retirees Who Have Their Monthly Premium Self-Payments
Auto-Deducted from Their Pension Benefit
Please read this carefully and note the applicable changes in your monthly retiree premium.
Save money—pay your monthly retiree premium electronically. In addition to the retiree premium rate increases noted above, the Trustees will implement a monthly fee of $25 effective April 1, 2011, for retirees who pay their monthly retiree premium with a check, rather than having their premium deducted from their monthly pension check (“auto-deduction”) or having their premium sent to the Plan directly from their bank account in an electronic format. Retirees who do not pay by auto-deduction or electronically will be required to pay the $25 fee in addition to their monthly premium. The $25 fee will not affect you if you continue to take advantage of the auto-deduction option from your pension benefit.
Monthly Retiree Premium Rates for 2011
All Covered Retirees and Dependents
|
All Covered Retirees and Dependents Eligible for Medicare |
Split Rate(One Covered Retiree or Dependent
|
|
Current Rate |
$640.00 |
$287.00 |
$545.00 |
Rate Effective 1/1/2011 |
$735.00 |
$330.00 |
$625.00 |
Rate Effective 4/1/2011If You Pay by
|
$735.00 |
$330.00 |
$625.00 |
Rate Effective 4/1/2011If You Pay by Check |
$760.00 |
$355.00 |
$650.00 |
For more information about the monthly retiree premium increases noted in this letter, contact the Plan Office at 303-430-9334 or toll-free at 800-527-1647.
Sincerely,
The Board of Trustees
If you wish to view all the information pertaining to payments by check only, please click here.
If you wish to view all the information pertaining to payments by auto-deduction only, please click here.