Issue link: https://pma.uberflip.com/i/1463870
COSTS OF WELFARE BENEFITS PAID CATEGORIZED BY TYPE OF BENEFIT For Plan Year Ended June 30: 2021 2020 2019 2018 2017 2016 Health Maintenance Organizations Hospital, medical, surgery, vision and prescription drugs $ 135,219,831 $ 136,562,607 $ 130,734,009 $ 117,915,071 $ 123,695,514 $ 110,693,406 PPO and Indemnity Plan Hospital, medical, surgical $ 348,093,246 $ 330,626,300 $ 343,690,630 $ 331,910,684 $ 301,254,744 $ 291,610,614 Prescription drug program 150,940,556 142,200,793 158,231,099 138,008,660 160,583,322 212,612,674 Vision service plan 7,937,214 7,841,506 7,521,342 7,402,889 7,317,858 6,775,156 Subtotal $ 506,971,016 $ 480,668,599 $ 509,443,071 $ 477,322,233 $ 469,155,924 $ 510,998,444 Medicare Part B Reimbursements Medicare premiums reimbursements $ 18,162,700 $ 16,728,161 $ 15,933,804 $ 14,771,772 $ 12,995,647 $ 12,440,335 Dental Programs: HMO and PPO Participants Dental services - adults $ 39,623,860 $ 40,652,119 $ 43,504,657 $ 40,766,514 $ 39,619,096 $ 40,445,969 Dental services - children 9,535,775 9,993,822 10,913,848 10,425,968 9,564,668 11,080,053 Subtotal $ 49,159,635 $ 50,645,941 $ 54,418,505 $ 51,192,482 $ 49,183,764 $ 51,526,022 Other Programs for Eligible Participants Life insurance, AD&D $ 4,924,584 $ 3,861,196 $ 5,005,109 $ 4,704,263 $ 4,644,910 $ 3,819,313 Chiropractic 7,330,657 9,030,817 9,095,243 7,632,640 7,739,521 5,499,171 Social security supplement 177,664 162,975 469,665 574,363 432,734 378,946 Alcoholism/Drug Recovery Program 2,726,326 3,886,081 4,884,744 5,105,665 5,119,373 6,261,474 Hearing aids 2,191,187 2,075,884 2,875,828 2,432,626 2,175,871 2,281,219 Subsequent prosthetic device 42,204 64,062 111,224 57,142 385,963 321,490 Subtotal $ 17,392,622 $ 19,081,015 $ 22,441,813 $ 20,506,699 $ 20,498,372 $ 18,561,613 Non-Industrial Disability Supplement (NIDS) For those receiving CSDI (CA) $ 6,869,423 $ 5,411,828 $ 3,396,499 $ 3,361,308 $ 3,656,682 $ 3,460,390 Weekly Indemnity & NIDS (OR & WA) 13,352,945 11,301,778 6,904,379 5,589,547 5,862,544 5,226,321 Subtotal $ 20,222,368 $ 16,713,606 $ 10,300,878 $ 8,950,855 $ 9,519,226 $ 8,686,711 Subsidy Benefits for Certain Pre-7/1/75 Widows WILSP subsidy payments - - - - 88,606 177,471 TOTAL BENEFITS $ 747,128,172 $ 720,399,929 $ 743,272,080 $ 690,659,112 $ 685,137,053 $ 713,084,002 Reconciliation to Form 5500 (accrual) 9,786,689 (8,656,574) (6,949,158) (14,897,311) 23,221,032 (12,919,156) TOTAL BENEFITS AFTER RECONCILIATION $ 756,914,861 $ 711,743,355 $ 736,322,922 $ 675,761,801 $ 708,358,085 $ 700,164,846 CHANGES IN NET ASSETS AVAILABLE FOR WELFARE BENEFITS For Plan Year Ended June 30: 2021 2020 2019 2018 2017 2016 Investment Income $ 18,094 $ 165,279 $ 143,366 $ 60,437 $ 61,235 $ 51,437 Contributions: Employers 785,837,659 761,387,433 790,691,376 715,778,035 675,403,215 $ 731,709,936 Employees 10,045,017 10,043,712 12,598,166 13,076,067 13,024,859 14,066,840 COBRA/self-pay contribution 45,981 7,375 43,349 54,104 121,455 55,708 Total contributions $ 795,928,657 $ 771,438,520 $ 803,332,891 $ 728,908,206 $ 688,549,529 $ 745,832,484 Other Income 6,212,074 6,209,422 6,608,483 9,607,863 49,840,791 9,259,530 Total additions $ 802,158,825 $ 777,813,221 $ 810,084,740 $ 738,576,506 $ 738,451,555 $ 755,143,451 Deductions: Benefits paid $ 747,128,172 $ 720,399,929 $ 743,272,080 $ 690,659,112 $ 685,137,053 $ 713,084,002 Administrative expenses 54,042,093 55,121,861 49,289,801 52,359,627 47,702,098 41,741,689 Total deductions $ 801,170,265 $ 775,521,790 $ 792,561,881 $ 743,018,739 $ 732,839,151 $ 754,825,691 Net increase (decrease) $ 988,560 $ 2,291,431 $ 17,522,859 $ (4,442,233) $ 5,612,404 $ 317,760 Net assets available for benefits: Beginning of year $ 198,346,473 $ 196,055,042 $ 178,532,183 $ 182,974,416 $ 177,362,012 $ 177,044,252 End of year $ 199,335,033 $ 198,346,473 $ 196,055,042 $ 178,532,183 $ 182,974,416 $ 177,362,012 Welfare Benefits S TAT I S T I C A L I N F O R M AT I O N 68 68 2021 ANNUAL REPORT