Serving the Union Members of the Bakery and Confectionery Industry
Health Benefits Fund
The P-Plan is an innovative program established by the Trustees that provides a specific amount of money after retirement, depending upon the employers' contributions made to the Plan, available as either a health benefit or a death benefit depending on when a participant retires or retired.
For employees eligible for P-Plan benefits who Retire on and after January 1, 2017, the P-Plan will provide a death benefit after retirement under the Death Benefit Account Plan or "DBA Plan".
For employees eligible for P-Plan benefits who Retired before January 1, 2017, the P-Plan provided a choice between health and death benefits after retirement. At retirement, the employee was permitted to make an irrevocable election to divide his or her P-Plan benefit between the DBA Plan and a plan to pay medical benefits (the Health Reimbursement Account Plan or "HRA Plan"). A retiree who chose to put part of his benefit in the HRA Plan before January 1, 2017, may continue to use that benefit amount after January 1, 2017, to reimburse eligible covered medical expenses of the retiree and his or her eligible family members.
The retirees’ health benefits coverage, Plan W-1, was established by the Trustees in March 1963. It was designed with fixed benefit maximums for hospital, surgical, medical, x-ray and lab, and accident coverages. Since it was created, the W-1 Plan has been improved and modified to keep up with the changes in healthcare and to maximize benefits for retirees while keeping premiums affordable. Today's Medicare-eligible W-1 participants are enrolled in a Medicare Advantage plan for hospital and medical benefits. They are also enrolled in a Medicare Part D plan for prescription benefits. While employer contributions cover most of the Plan’s expenses, the retirees pay monthly premiums as well. Today’s W-1 Plan provides hospital, medical, and prescription benefits for thousands of retirees and their families.
Health Insurance Portability and Accountability Act Information: