There are separate Plan documents for Life Insurance, Accidental Death and Dismemberment, and Long-Term Disability Plans. The Medical and Dental Benefits are self-insured. Premium contributions go directly into a fund, which is used to pay the cost of benefits for Plan Participants who experience illness or injury. In order to keep the Plan financially sound and affordable, it is important that all Plan Participants use their benefits responsibly. Plan Participants are expected to pay a portion of their medical costs in the form of deductibles and copayments.
Medical coverage is very important.
Medical costs are rising faster than the prices of the goods and services, and this inflationary trend shows no sign of abating. The cost of a serious illness or accident is so expensive today that the savings of even an affluent individual can be quickly exhausted. The Medical Plan provides essential protection that few of us could afford on our own. As a Plan Participant, you should consider the following ideas as ways to personally help save Plan dollars. Use the participating network of health care providers.