Does the Welfare Fund provide any help with prescription drug copayments?
A.Beginning May 1, 2007, the copayments that each individual Retiree pays for covered prescription drugs accumulate towards a $1,250 per person out-of-pocket maximum. Whenever, the copayments for an individual Retiree total $1,250 during the 12-month accumulation period, the Welfare Fund pays the full cost of all additional covered prescription drugs for the remainder of that same 12-month accumulation period. Please note that if the Welfare Fund covers both you and your spouse, the copayments you pay are separate from your spouse’s copayments; they are not combined. For additional details about the $1,250 out-of-pocket maximum, please see the notice “Changes to Prescription Drug Coverage” dated May 3, 2007. Q. I'm eligible for Retiree health benefits from the Welfare Fund and I’m also eligible for Medicare. I'm thinking about joining a Medicare Prescription Drug Plan. What happens if I join one of these plans? A.Retirees now have the option of receiving their prescription drug c
