These Frequently Asked Questions (FAQs) contain important information about the PORAC Retiree Medical Trust (the “Trust”). The purpose of these FAQs is to answer common questions about the “Medical Expense Reimbursement Plan (the “Plan”) of the Trust. These FAQs will give you a general outline of the operation and structure of the Plan and Trust.
IMPORTANT NOTE: These FAQs do not provide all the details and limitations of the Plan. Exact specifications are provided in the formal “Medical Expense Reimbursement Plan of the PORAC Retiree Medical Trust,” restated ef. January 1, 2022, which will prevail in case of conflict with these FAQs. You may request a copy of the most up-to-date Plan document or the “Summary Plan Description” from the Trust Office; see Part A(3) below for contact information.
- Part A: Introduction to the PORAC Retiree Medical Trust
- Part B: Benefits and Participation at a Glance
- Part C: Monthly Benefits from the Trust
- Part D: Employee Account Benefits
- Part E: Tax and Pooling Advantages
- Part F: Legal Structure and Governance
- Part G: Joining the Trust/Funding
We hope these FAQs provide you with an understanding of the basic purpose and operation of the PORAC Retiree Medical Trust. This material is designed to give general information on the subject covered. It is not intended to be comprehensive or to treat exhaustively the subject or to provide legal advice. Any conflict between these FAQs and the formal “Medical Expense Reimbursement Plan of the PORAC Retiree Medical Trust” will be resolved in favor of the formal Plan.