When do my monthly insurance premium payments begin? Will these payments be deducted directly from my pension check, or do I have to send payment to the Health & Welfare Department?
Your insurance premium payments will begin after your bank hours have run out. Payment schedules and requirements are detailed as follows: When a retiree starts on the COBRA plan, he is required to send in a cashiers check or money order for the first two months of coverage. After that, COBRA payments are due on the 15th of the month prior to the month that you are paying coverage for. Example: payment for January 2005 coverage would be due by December 15, 2004. COBRA requires all payments be made cashiers check or money order (no personal checks are accepted). When a retiree starts on Plan X, he is again required to send in a check, cashiers check, or money order for the first two months of coverage. After the first two months of coverage are paid for, the retiree can elect to have premiums deducted directly from his pension check or make monthly payments out-of-pocket. In order for premiums to be deducted from the retirees pension check, he must first authorize the International to d
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