Monthly Premiums

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.

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.

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.