Board of Trustees Approve Health Plan Eligibility Changes, Effective January 1, 2020
The Board of Trustees recently approved the following Health Plan eligibility changes, aligning the benefits with wage increases in the Collective Bargaining Agreements:
1. Minimum earnings threshold for Health Plan coverage increasing for both the Premier Choice and Choice Plans
Effective with earnings periods beginning on or after January 1, 2020, the minimum earnings threshold for coverage under the Choice and Premier Choice Plans will increase to the following:
- $35,875 for Choice coverage
- $116,000 for Premier Choice coverage
2. Carry-over threshold and maximum carry-over bank amount increasing
Effective with benefit periods beginning on or after January 1, 2020, both the threshold at which you begin to accumulate carry-over credit and the amount of carry-over credit necessary for one year of Health Plan coverage will increase from $135,000 to $140,000. In order to accommodate the increased carry-over threshold amounts, the carry-over bank maximum has likewise been increased from $465,000 to $480,000, effective with benefit periods beginning on or after October 1, 2019.
Under these new carry-over amounts, you will be able to bank covered earnings in excess of $140,000 (up to a maximum of $480,000) for use during periods in which you do not meet the minimum earnings threshold for earned coverage. During such periods, $140,000 in carry-over credit is needed to grant one year of Health Plan coverage.
If you have questions regarding any of the Health Plan changes, contact Participant Services at (323) 866-2200, Ext. 401 or toll-free at (877) 866-2200, Ext. 401.
