Summary Plan Description

Application Process

To apply for Retiree Coverage, you must complete a Retiree Coverage Application and submit it to Carpenters Trusts within 60 days of the later of your:

  • Retirement effective date; or
  • Loss of eligibility under dollar bank eligibility or COBRA.

Coverage begins on the later of your:

  • Retirement effective date; or
  • On the first day of the month immediately following loss of dollar bank eligibility or COBRA.

If, at retirement, you have dollar bank eligibility or are covered under Self-Contribution Coverage, you may elect COBRA Coverage in lieu of Retiree Coverage. If you elect COBRA, you must exhaust the maximum coverage period under COBRA before enrolling in Retiree Coverage unless you or your spouse become entitled to Medicare while covered under COBRA in which case you may elect the Retiree Coverage before the maximum coverage period under COBRA has been exhausted. Your dependents must also elect Retiree Coverage at the same time. If you do not make the required monthly contributions for COBRA resulting in a loss of COBRA before the maximum period is exhausted, you also forfeit your right to enroll in Retiree Coverage.

If you, your spouse, or your dependent children decline enrollment in the Retiree Coverage when initially eligible to enroll, you forfeit your right to enroll at a later date unless special enrollment provisions are satisfied.

You and/or your dependents cannot enroll or be enrolled in Retiree Coverage if you and/or your dependents are covered under a Medicare Advantage Plan or Medicare Supplemental Insurance (Medigap).