Frequently Asked Questions
- How is the dollar bank calculated?
- How many months of future eligibility can be banked?
- What is the benefit for short term disability?
- How is the individual deductible calculated?
- ERTS Information
1. How is the dollar bank calculated?
Insurance cost is $1090 per month for active participants. If contributions are submitted on your behalf in the amount of $2000, $1090 is subtracted for the month�s insurance premium and the balance of $910 is rolled over to the dollar bank. This can be used for future months of eligibility.
2. How many months of future eligibility can be banked?
The dollar bank has a maximum of $13,080 limit, which is 12 months of future eligibility.
3. What is the benefit for short term disability?
Short term disability is available to active participants in the amount of $300.00 per week minus city taxes. Participants are entitled to a maximum of 13 weeks for non work related illness or injuries. See page 32 of the Summary Plan Description for a full explanation of this benefit.
Participants covered under the Active Plan will be credited with $196.00 per week, for each week they are disabled and unable to work, toward continuing your eligibility under the Plan. During partial weeks of entitlement, you will be given partial credit. You may receive up to $784.00 of credit per work month, up to an annual bank maximum of $9408.00. Credits are calculated on the basis of $196.00 per calendar week and begin on the first day for an injury or eighth day for a sickness.
Participants covered under the MRA Plan will be credited with $105.00 per week, for each week they are disabled and unable to work, toward continuing your eligibility under the Plan. During partial weeks of entitlement, you will be given partial credit. You may receive up to $420.00 of credit per work month, up to an annual bank maximum of $5040.00. Credits are calculated on the basis of $105.00 per calendar week and begin on the first day for an injury or eighth day for a sickness.
No credit will be given without a qualified Medical Doctor�s (M.D.) or Doctor of Osteopathy�s (D.O.) statement of disability received by the Fund Office.
4. How is the individual deductible calculated?
The individual deductible per year is $300.00 and must be met before any type of benefit is paid. For example, if you have an annual physical the wellness benefit is $1500 per year. If the allowable charge for your visit is $600.00 and you have not met your deductible, the $300.00 will be deducted from the $600.00 and the balance of $300.00 would be paid under the wellness benefit.
5. ERTS, explained
If you are traveling outside of this jurisdiction you need to take action to protect your benefits. Contributions for the Benefit Fund and the Retirement Fund cannot be reciprocated back to your Home Fund unless you are registered on ERTS. If you aren�t sure if you registered in the past, take a few minutes to sign on to the ERTS system to verify that you are registered and all your information is current. This will provide automatic transfer of your benefits back to your Home Fund and could prevent a disruption of coverage or no coverage�s at all. If you are working outside of this jurisdiction, you MUST be registered on ERTS within the first two weeks of working to assure your contributions will be transferred. If you need assistance with registration, please contact your Local Union Hall for assistance.