Local 1169 Benefit Tr Fund

1. A DENTAL PLAN ON A SELF-FUNDED BASIS FOR OUR MEMBERS. MEMBERS PARTICIPATE AS EITHER A FAMILY OR AS A SINGLE MEMBER. FAMILY MEMBERS DO NOT CONTRIBUTE $150 TOWARDS THE PLAN UNLESS IT IS THE FIRST YEAR OF PARTICIPATION IN THE PLAN AS A FAMILY MEMBER. EACH PERSON IN THE PLAN IS ELIGIBLE TO RECEIVE UP TO $1500 IN DENTAL BENEFITS PER YEAR. THE PROGRAM IS USED EXTENSIVELY BY ITS MEMBERS. 2. A CATASTROPHIC INSURANCE PLAN AS AN ENHANCEMENT TO THE MEDICAL PLAN. IT HAS A $25,000 DEDUCTIBLE AND COVERS DRUGS, HOSPITALIZATION, LONG-TERM NURSING CARE, ETC. 3. A LEGAL PLAN THAT OFFERS FREE WILLS, UNLIMITED TOLL-FREE ADVICE, REDUCED COSTS FOR REAL ESTATE TRANSACTIONS, MATRIMONY, CRIMINAL DEFENSE, BUSINESS TRANSACTIONS, ETC. AND IT HAS AN ELDER CARE RIDER THAT PROVIDES DURABLE POWER OF ATTORNEY, HEALTH CARE PROXY, AND LIVING WILLS. IT IS PART OF THE ELDER CARE SECURITY PACKAGE. 4. OUT-OF-POCKET REIMBURSEMENT FOR THE EXISTING SYSTEM THAT INCLUDES UP TO $750 FOR MEDICAL AND DENTAL OUT-OF-POCKET EXPENSES, $100 FOR A DRIVER PROGRAM, $100 FOR EYEGLASSES AND $100 FOR HEALTH CLUB/FITNESS CLASSES. THE TOTAL REIMBURSEMENT FOR THE FISCAL YEAR WAS CAPPED AT $600 MAXIMUM REIMBURSEMENT. THE MAXIMUM WILL VARY ON A FISCAL YEAR BASIS AND IS DEPENDENT ON FUND BALANCE AT THE END OF THE PREVIOUS FISCAL YEAR AND AN ESTIMATION OF CURRENT YEAR COSTS. 5. A VISION EYEGLASS PLAN IS NO CHARGE TO MEMBERS. THIS BENEFIT IS FOR MEMBERS ONLY AND DOES NOT INCLUDE THEIR FAMILIES. 6. THE TRUSTEES MUST KEEP RESERVE MONIES BECAUSE THE DENTAL PLAN IS SELF-FUNDED. THE MAXIMUM YEARLY REIMBURSEMENT IS $1500 FOR YEAR PERSON IN THE PLAN. IF ALL MEMBERS WERE TO USE THE PLAN AT THE MAXIMUM LEVEL ($1500), THE TOTAL COST OF THE PLAN COULD EXCEED $400,000. HOWEVER, WHILE THIS IS HIGHLY UNLIKELY THE EXPENSES ARE NONETHELESS CAREFULLY MONITORED.