Does the NPF offer any health coverage?
The NPF does not provide health coverage; however, the Plan does provide for a $31 subsidy towards the cost of an insurance plan that supplements Medicare coverage for both you, and if applicable, your spouse. In order to qualify for this subsidy, you have to meet each of the following requirements:
- You must be receiving a pension from the NPF.
- The Retiree must be a continuous Union member in good standing as a “retired / disabled” as of the later of his or her Effective Date of pension, or January 1, 2002. If the subsidy recipient is a Spouse, the Participant / Retiree must have been a Union member in good standing at the time of his or her death.
- The Retiree must have worked 3,500 hours in Covered Employment during the five (5) consecutive calendar years prior your effective date with the Fund, in a position that currently meets the minimum Contribution Rate which meets the minimum Contribution Rate under the Plan. However, If the Retiree is collecting a Disability Benefit with the Fund, he or she must have worked 3,500 hours in Covered Employment in a position that meets the minimum Contribution Rate in the five (5) consecutive calendar years preceding the date he or she was found disabled by the U.S. Social Security Administration (or Railroad retirement Board). See Plan Section 15.01 for more details.
- Your supplemental insurance is with an Eligible Provider.
- If you are eligible for the $31 subsidy, the NPF will pay up to $31 per month toward the cost of coverage for you and up to $31 per month for your spouse, if applicable. The balance of the cost, whatever the amount, must be paid by you. It is important to note that this is not a protected benefit and may be discontinued at any time. Apply for this benefit