Just passing along this information in case you missed this announcement in Boeing News Now Today (August 12, 2021). We are sending it out as well since it is better receive it twice than not at all.
Trustmark extends special enrollment period for Boeing employees in Washington state to 5 p.m. Pacific Time on Friday, August 20th. The special enrollment period for Boeing employees in Washington state to enroll in a private life/long-term care (LTC) insurance option offered by Trustmark has been extended a week. The new deadline is 5 p.m. Pacific time by phone and 9 p.m. Pacific via web on Aug. 20.
Below is the email and posting from July 28th that we sent out with links to help research your options:
Members have been asking questions about the state payroll tax for Long Term Care (LTC) – Washington “Cares Fund” and we are sending out this information to help you determine which plan is best for you - since it is a personal choice that will require research on your part.
Even though 751 members working at Boeing are excluded from the state plan and payroll tax until our contract expires in 2024, in order to be exempted from the state payroll tax and state plan, you must have a long-term care policy in place prior to November 1, 2021.
Keep in mind once you are approved for exemption from the state plan, you are permanently ineligible for benefits from the WA Cares Fund. Also if you decide to go with the state plan, you will not be subject to the payroll tax until after our next contract is ratified.
Boeing is offering an alternative long term care plan through Trustmark with open enrollment for that plan being only July 26-Aug 13 (now extended to August 20). Below are links to information on the Trustmark alternative plan. We have also printed information in the August Aero Mechanic on LTC to provide members information to make an informed decision.
Links for more information on Trustmark alternative plan:
You can learn more about the Washington Cares Fund and state program by visiting: http://www.wacaresfund.wa.gov/
Whether to purchase alternate long-term care or go with the state plan payroll tax is a personal decision each member will need to research to decide what is best for your own situation. Again in order to be exempted from the state payroll tax and state plan, you must have a long-term care policy in place prior to November 1, 2021.
Long Term Care vs Long Term Disability: There is some confusion between Long Term Care required this year through Washington State, and Long-Term Disability being offered as a voluntary benefit through Employee Benefit Systems/Machinists Custom Choices. Long Term Care can be considered “Dignity Insurance,” which is typically needed after retirement during the last stages of life. Long Term Disability could be defined as “Paycheck Insurance or wage protection,” which would protect a worker’s earning potential during working years, and coverage would end typically when employment ends, at or around typical retirement age.
751 Member Communications