![\"\"](\"https:\/\/afm47.org\/press\/wp-content\/uploads\/2016\/02\/HW.jpg\")
Though, as usual, there are some changes to the Plan, the Trustees have made every effort to help our participants retain their coverage for 2021, even as we continue to protect and preserve the financial future of the Trust for the coming years.<\/p>\n
Below is a summary of material modifications to the Plan.<\/p>\n
2021 ELIGIBILITY LEVELS FOR NEW PARTICIPANTS<\/u><\/strong><\/p>\n For the January 1, 2021, coverage year, the minimum initial eligibility threshold for a newly qualified Participant for enrollment in medical plans sponsored by the Professional Musicians, Local 47 and Employers\u2019 Health & Welfare Fund (the \u201cFund\u201d) shall remain at the level of $700<\/u><\/strong> in Employer contributions. Thus, effective with the current Qualifying Period \u2013 October 2, 2019 through October 3, 2020 \u2013 the amount of Employer contributions necessary for initial qualification<\/em><\/strong> for eligibility at the Fund’s “C Level” of coverage\/benefits shall be $700 (including any available permissible carry-forwards from the 2018\/2019 Qualifying Year).<\/p>\n Thus, and for the Qualifying Period that started on October 2, 2019, and for initial eligibility<\/em><\/strong> to enroll in one of the three Levels of the Fund\u2019s medical plans for the coverage year commencing January 1, 2021, the minimum amount of Employer contributions necessary for a new participant\/enrollee<\/em><\/strong> to qualify will be $700 “Level C” enrollment\/coverage, $1,200 for “Level B” enrollment\/coverage and $1,500 for “Level A” enrollment\/coverage.<\/p>\n 2021 ELIGIBILITY RULES FOR CURRENT ENROLLEES<\/u><\/strong><\/p>\n Due to the impact COVID-19 (“CV”) has had on our industry resulting in a significant loss of employment and the consequent impact on Employer contributions on behalf of the Fund’s Participants, the following qualification schedule shall apply for the 2021 Coverage Year:<\/p>\n INCREASE<\/u><\/b> IN PARTICIPANT AND DEPENDENT CO-PREMIUMS<\/u><\/strong><\/p>\n In addition, and to prudently allow the above qualifying adjustments for Coverage Year 2021, the Trustees have also determined that an increase in the monthly Participant co-premium is necessary. Thus, the applicable Participant monthly co-premium for Coverage Year 2021 shall increase by <\/em>approximately $25 per month<\/em><\/strong>, for all Levels of coverage\/benefits offered by the Fund. Also, the Trustees determined that Dependent co-premiums will increase in accordance with the annual carrier increase for Coverage Year 2021, if any.<\/p>\n","protected":false},"excerpt":{"rendered":" Though, as usual, there are some changes to the Plan, the Trustees have made every effort to help our participants retain their coverage for 2021, even as we continue to protect and preserve the financial future of the Trust for the coming years. Below is a summary of material modifications to the Plan.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","footnotes":""},"categories":[5],"tags":[613,543,578],"class_list":["post-8092","post","type-post","status-publish","format-standard","hentry","category-news","tag-hw","tag-hw-fund","tag-health-welfare"],"yoast_head":"\n\n