• Dollar BankMore Information

    • Eligibility for Health plan coverage for Active Employees is based on contributions made on your behalf by your employer.
    • Contributions are held in a "dollar bank", and used each month to determine and pay for your heath coverage.
    • Once you become eligible, you are permtted to make self-payments to make up any deficit in your dollar bank, in order to remain covered.
     
  • Enrollment - Plan Levels

    When you initially qualify for coverage and annually thereafter, you must elect whether to cover the "Employee Only", "Employee Plus" or, "Family" plan level of coverage and enroll accordingly. Employee Plus means either your spouse or your dependent children will be covered in addition to yourself.

    • Employee Only costs $983 per month
    • Employee Plus costs $1,473 per month
    • Family costs $1,964 per month
     
  • Eligibility Rules More Information

    • Your bank must be credited $1,964 (highest Plan Level) within six months for you to achieve initial eligibility.
    • If you fail to enroll, you will be placed in the Employee Only Plan Level until the next annual enrollment.
    • If you don't have sufficient funds in your dollar bank for the next month, and your Dollar Bank has at least $300 in it, you are permitted to pay the differance (due by the 10th of the month of coverage).
    • If you lose coverage due to insufficient funds in your Dollar Bank, you have 13 months to reinstate ($1,964 accumulated in your Dollar Bank within 6 months).
    • If you do not reinstate, without losing the remaining amount in your Dollar Bank.
     
  • Notes

    • If you and your spouse work for contributing employers, you can have a combined dollar bank which is assigned to one of you.
    • Exceptions may apply to the rules if you are in active military service.
    • Exceptions to the enrollment rules may apply if you experience certain life events such as marriage or the birth of a dependent.