The Variable Benefit Plan was implemented to further minimize out-of-pocket expenses to you and your family. The Variable Benefit Plan provides a monetary reimbursement per plan year (July 1 through June 30) per family for eligible expenses incurred in any combination of the above benefits. Claims must be filed no later than July 31st of the covered year (July 1 through June 30).
Get all the info... https://www.mtabenefitfund.org/variable-benefit.html
If your adding dependents to your dental plan
& are paying via the payment plan,
Payment #2 is due this month.
An adviser from Stacey Braun Assoc. will be at Fulmar Road Elementary School on Tuesday, March 26th. If you are interested in free and unbiased financial advice, please call the office to schedule an appointment. (888)949-1925
After twelve years of keeping our family dental rates at the same level, the board of trustees has made the difficult decision to raise our rates. For some time we have been paying out more money than we collect for the coverage of our dependents. To cover this shortfall the board has set new rates and structured them in a tiered format to reduce the burden to our membership. The cost for dental during the plan year that runs July 1, 2019 to June 30, 2020 will be as follows:
Enrolling a dependent can only be done during the enrollment period of March 1 – 31. Dependents will be covered from July 1 - December 31st. If you don’t re-enroll each year, you are electing to drop coverage for your dependent Your dependent must then wait 3 years to re-enter the dental plan. Eligible dependent children are covered from birth to their 26th birthday if not eligible for dental coverage under another plan.
Please note that you use your variable benefit for the same year as the dental coverage is in effect, so it will be next year’s variable for next year’s dental coverage. A Variable Benefit Claim Form must be submitted w/ your dental enrollment. If you are planning on retiring, you are NOT eligible to do this and may need to pay the premium with your retirement plan premium at the time of renewal.
Questions about your benefits should be directed to your building trustee.
Download a DENTAL ENROLLMENT FORM
The PREFERRED GROUP now offers you the ability to file your claims via their website PG BLUE. This site includes the ability to utilize a secure email called ZixMAIL.
To make use of PG BLUE & ZixMail:
The Mahopac Teachers Association Benefit Fund will reimburse the member a portion of his/her out-of-pocket major medical deductible incurred on behalf of the member and/or his/her eligible dependents, once during a calendar year. This benefit will be paid upon reaching the deductible or at the end of the calendar year, whichever comes first.
To obtain this benefit, the member must submit all necessary major medical statements showing the date, doctor or hospital, and event for which the deductible was used and submit them with the Benefit Fund claim form within 90 days of reaching the deductible or the end of the calendar year, whichever comes first. Completed forms should be mailed to:
Mahopac Teachers Association Benefit Fund
c/o Preferred Group Plans
P.O. Box 15136
Albany, NY 12212-5136
READ MORE & GET CLAIM FORM
The purpose of this post is to inform you of a change to your Life Insurance & Accidental Death Benefit* carrier. The policy is now provided by The Hartford. The Mahopac Teachers Association Benefit Fund, on your behalf, pays for this benefit through district contributions.
Currently, teachers have $100,000 worth of life insurance, while the UPSEU members have $65,000 worth of coverage. Administration & managerial confidential are not insured for life insurance through the MTA Benefit Fund. Full time MTABF members have the ability to continue their life insurance coverage into retirement. As your status in life changes, so does your policy.
Access further information on your Life & AD&D Benefit on the Life Insurance Page.
If you were already up-to-date in your enrollment in the MTABF, then there is nothing that you need
to to do. The MTABF has handled the life insurance enrollment process for you.
If you have any questions, please feel free to contact your MTABF Building Trustee.
(*Accidental Death & Dismemberment is not applicable for retired employees.)
Come LEARN &/OR REVIEW what the MTABF has to offer you
Each building will hold its own session.
Can't make the one in your building, feel free to attend another.
A Certified Financial Planner from Stacey Braun Associates will be holding free personal confidential finial planning consultations at the schools on the following days:
P.O. Box # 656
Baldwin Place, NY 10505
Find out what's going on & what deadlines you don't want to miss.