HEALTH DEPARTMENT Eligibility Requirements as a Retiree A retired individual qualifies for benefits as an Eligible Retired Participant under the Retiree Health Plan if all of the following conditions are satisfied: Age 55 The indiviual is age 55 or over at the time of retirement and is currently receiving a pension through the NJ Carpenters Pension Fund 25 Years of Active Coverage The individual has been covered under the Active Employees Health Plan for 25 years. Active Coverage The individual has a level of coverage under the Active Employees Health Plan at the time of retirement Union Dues are Paid The individual's union dues are paid up to date with their Local Union Payment of Premium The individual makes all premium payments required for coverage under this Plan Monthly Premiums For Health & Welfare Coverage (amounts are automatically deducted from monthly Pension payments) Pre-Medicare Retirees $1,042 per month totalMONTHLY PREMIUM COVERS Participant Spouse and Child/ren (under 26) Medicare Eligible Retirees $183.05 per month/per individualMONTHLY PREMIUM COVERS Participant $183.05 Spouse $183.05- *Regardless of Medicare eligibility status, the premium will remain at $1,042 if a dependent child/ren is on the policy. BLUE MEDICARE ADVANTAGE PLAN RETIREE HEALTH COVERAGE FAQs What options are available if I do not retire with health coverage? Expand COBRA COVERAGE Allows you to buy coverage in order to stay in the same Plan you are as an Active Carpenter: Members: offered for 18 Months Spouse/Dependents: offered for 36 Months 2021 Rates for Full Coverage: Single Coverage: $565.22/mo* Family Coverage: $1,356.53/mo* COBRA payments are HRA Eligible *Monthly COBRA costs are subject to change each year on January 1st. As a Retired Participant, what are my spouse's healthcare options if I pass away? Expand In the event a member passes away, their spouse will be entitled to healthcare coverage for the duration of the current six-month eligibility period, plus an additional 12 months of coverage. For example: If you are to pass away in January 1st, your spouse would be entitled to healthcare for the duration of the benefit period ending April 30th. Then the additional 12 months would carry them through April 30th of the following year. The cost for this healthcare coverage would be automatically deducted from your monthly Pension or lump sum Death Benefit. COBRA Coverage After the additional 12 month period, the surviving spouse will have the opportunity to purchase COBRA insurance through the Fund for up to 36 months. Monthly COBRA costs are subject to change each your on January 1st. When are you considered an Active Covered Participant? Expand To be considered an Active Covered Participant, you must be in the Eligible Class and either have 600 or more Credited Hours in the consecutive 6 calendar month period or have 1,200 or more Credited Hours in the consecutive 12 calendar month period.