IBEW Local 995
Open Enrollment is now through September 30th, 2019.
Coverage begins on November 1st, 2019.
or call 224-770-5305
Local 995’s CURRENT Disability & Life Benefits:
Short Term Disability: $0
Long Term Disability: $0
Life: A Minimal Burial Benefit.
Members Need To Evaluate How You and Your Family Would Be Financially Impacted By An Illness, Accident or Death. Now You Can Add Additional Coverage.
About Open Enrollment
We are pleased to inform you that your union is currently in an open enrollment.
All of the available coverages are offered separately and a member’s participation in one or all of those coverages, and the level to which he or she elects to participate, is voluntary and strictly the individual’s choice.
The purpose of this Group Insurance Plan is to give you options to supplement your income in the event that you cannot work as a result of an injury, illness or death. This group plan offers Critical Illness, Accident Coverage, and Life coverage.
All insurance under this Union Group Policy will cover you for as long as you continue to remain actively employed, pay premium, and be in good standing with the union.
Official Notice To Participants - Please Read
The IBEW does not make any endorsement or recommendations regarding these benefits. It is solely the members decision to enroll and learn about the benefits being offered. This program is completely voluntary and benefits can be elected on an a la carte basis.
This page will provide information related to your Union Voluntary Group Insurance Plan. Here you can view and download a copy of the group policy/benefits booklet, learn about policy provisions, view terms and conditions, view rates, view fee schedules and request information. If you have any questions regarding the benefits options that you are currently enrolled in, please call 847-387-3555.
You must be an actively working, full dues paying member of the IBEW union, working a minimum of 1,250 hours per year, in order to be eligible to enroll in and maintain coverage.
If you are suspended, dismissed, retire, or leave the IBEW for any reason, you are eligible to port your life and/or accident and critical illness coverages. It is your responsibility to contact our office immediately at 847-387-3555 so that we may adjust your premium payments and discuss this process with you.
Actively At Work Notice
To be covered by the Group Policy you must be actively at work performing the duties of your own occupation when the policy goes into effect or when returning to work from a disability claim. Days spent not working to include, but not limited to; PLD, vacation, and FMLA days do not count as actively working days. If you are not actively at work when the policy goes into effect, your coverage effective date will be deferred until your first full day of active work.
Participant and Claimant Responsibilities
It is your responsibility to notify Cornerstone Benefits Management if your employment, union status, contact information, or salary changes. Failure to properly notify Cornerstone will result in loss of premiums and/or insurance coverage. Notification to Cornerstone must be made by phone at 847-387-3555 and/or by email at email@example.com.
As an individual member of the union, if you have voluntarily elected to participate and pay premium for coverage, it is your responsible to understand the group policy and its provisions. To view/download the group policy/booklet, please look under the Policy Documents tab.
Premium Payments, Calculations and Adjustments
Loss of Premiums Notice
If you do not contact our office within 90 days of your date of retirement/termination/dismissal or the date in which you left the IBEW Local 130 there will be no refund for any premiums paid. It is the sole responsibility of the member to contact Cornerstone Benefits Management at 847-387-3555 or by email at firstname.lastname@example.org within the 90 day allotted time.
Failure to Make a Payment
Participating members for whatever reason may miss a premium payment from time to time. The current plan allows for a 60 day grace period to make up any missed premium payments.
Administrative & Transaction Costs
All administrative and transaction fees (fees) are included in your monthly premium. These fees cover the costs associated with, but not limited to, premium processing, premium returns, postage, policy correspondence, claims advocacy and other ancillary expenses associated with the administration of your elections. These monthly fees are applied to all coverages shown on the Summary of Benefits & Rates. Below is the structure of all applicable fees:
Included in premiums shown on Summary of Rates: Accident Coverage $2.00, Member Critical Illness Coverage $2.00, Spouse Critical Illness Coverage $2.00
Included when premium is collected: Payment Transaction Fee of $1.00 per transaction
Time Left to Enroll
Benefits and Rates
Administrative and transaction fees are applied to all coverages. These fees are included in the rates shown on the Summary of Benefits & Rates guide. For more information about Premium Payments please review the Premium Payments Calculations and Adjustments section of this page.