Part D: Individual Account Benefits

The Trust maintains Individual Accounts, generally for the transfer of sick or vacation leave to the Trust. The expenses covered from an Individual Account are the same as for the monthly lifetime benefits, i.e., reimbursement of “Covered Expenses” (see Part B).  However, there are two important differences:

• The claim can be in any amount up to the amount in the Individual Account; and
• Claims are paid only until the Individual Account balance is exhausted (not for lifetime).

Yes, a participant may receive both monthly reimbursement benefits and Individual Account benefits if the participant has met the eligibility requirements for monthly benefits, and also has an Individual Account.

In the event of death, a Surviving Spouse may utilize the deceased participant’s Individual Account funds to pay for covered medical expenses until the Individual Account balance reaches zero.

Possible forfeiture. Note: if there is no Surviving Spouse, then the balance of the Individual Account is divided equally among all Children (as defined in the Plan) for reimbursement of Covered Expenses. If there are no Children, then it forfeits to the Trust.