The Trust provides reimbursement benefits toward the cost of post-retirement “Covered Expenses” paid by participants, on or after the date the participant becomes an Eligible Retiree under the Plan. “Covered Expenses” include the following:
- Premium or contribution payments for coverage under health, dental, or vision insurance plans.
- Medical expenses excludable from gross income under Internal Revenue Code Section 213(d), i.e., costs for diagnosis, cure, mitigation, treatment, or prevention of disease or injury, including insulin, but not including other non-prescribed drugs.
- Premium payment for qualified long-term care insurance.
You may contact the Trust Office, or visit www.irs.gov to see IRS Publication 502 for more details on Covered Expenses. Generally, any medical expense that would be deductible under Internal Revenue Code Sec. 213(d) is allowed as a Covered Expense.