Healthcare Subsidy Refund

September 25, 2019 12:02 PM

The Circuit Court of Cook County has ordered that all eligible City of Chicago employee annuitants (both current and future employeeannuitants, but not spousal or child annuitants) of the LABF are entitled to receive a health insurance premium subsidy of $25 per month from the LABF, representing a partial reimbursement for healthcare costs, for each month after December 31, 2016 in which they qualify. The eligibility requirements are as follows:

· Annuitant must have retired on or after August 23, 1989;

· Annuitant must have been hired prior to April 4, 2003;

· Annuitant must have at least 15 years of City of Chicago service;

· Annuitant must be 65 years old or older; and

· Annuitant must have either:

  • participated in a group healthcare plan for which the LABF offers to deduct health insurance premiums from monthly annuities (currently either the Blue Cross Blue Shield plans sponsored by the City of Chicago or the Aetna plans sponsored by the Labor Benefits Association);

OR

  • for the period between January 1, 2017 and December 31, 2019, participated in any health insuranceplan and paid their healthcare insurance coverage themselves, either through an account on which the annuitant is named or an account established for the benefit of the annuitant.

Notices were sent to all employee annuitants who either qualify or may qualify for the subsidy. Please refer to the notices for details.  Sample copies of the notices may be viewed by visiting LABF’s website at: LABFChicago.org/SubsidyNotices

If you have any questions regarding the subsidies, please contactthe LABF and a representative will assist you.

 

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