Just retired? Don't panic - your drug coverage is still intact

Sep 23, 2004 5:38 PM

If you are one of this year’s many retirees, the Welfare Fund wants to remind you that you can continue to use the Fund’s prescription drug program (NPA and ES/CFI) during the month you retire as well as for an additional two months.

Prescription drug coverage is provided by the Fund only for in-service members.  Retirees are covered by optional riders they purchase from their health plans. But sometimes it takes awhile for health insurers to catch up with the new retirees. 

Therefore, the Welfare Fund’s trustees voted, a few years ago, to continue drug coverage during the changeover period in order to keep this protection in place for members.

So, for example, if you retired in July, you may continue to use your UFT/NPAcard at pharmacies and the CFI mail order service until Oct. 1.

In addition, the Fund also provides a reimbursement to defray the cost of the optional rider that retirees buy from their health plans.  That reimbursement is now up to $600 and it is sent automatically each year to eligible retirees.

At the same time, retirees continue to receive dental, optical and other benefits from the Welfare Fund.