Psc-cuny welfare fund Retiree benefits

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Presentation transcript:

Psc-cuny welfare fund Retiree benefits

PSC-CUNY Welfare Fund Supplemental health benefits for the 24 New York City senior and community colleges Professors and professionals Retirees Staff of 12 support 20,000 active and retired members Funded on a per member basis Agreement between the PSC and CUNY Our funding is limited

Prescription Drugs CVS/Caremark (if under 65) or SilverScript drug plan (if Medicare-eligible)   If you are receiving injectable and/or chemo cancer drugs from the PICA program, as a Medicare-eligible retiree you get them from the Welfare Fund SilverScript drug program Once you enroll in Medicare, diabetic drugs come from PSC Welfare Fund SilverScript, instead of your basic health plan.

Prescription Drugs Medicare Enrollment: Sign up for Part A and Part B DO NOT sign up for a Part D Drug Plan! Welfare Fund will enroll you in the Fund’s SilverScript Medicare Part D Prescription Drug Plan

Most Welfare Fund Benefits Do Not Change Upon Retirement Dental: Guardian or Delta Vision: Davis Vision Hearing Aids: HearUSA

Some Welfare Fund Benefits End at Retirement Disability (Employee Income Replacement) Death Benefit (for Employee’s Survivors)* Extended Medical (upon Medicare enrollment) *Dependent spouse benefits end upon the death of the retiree

Insurance Premium Payments: from Payroll Deduction to Pension Deduction Catastrophe Major Medical (Mercer Consumer) Long Term Care (MetLife) Term Life Insurance (NYSUT Member Benefits) To arrange for home billing:   Verify that each carrier has your correct mailing address, phone number and e-mail address. Inform the carrier of your last payroll date Request to have a bill sent to your home Once you are billed at home, you can arrange for pension deduction.