Issue link: https://pma.uberflip.com/i/1517839
COSTS OF WELFARE BENEFITS PAID CATEGORIZED BY TYPE OF BENEFIT For Plan Year Ended June 30: 2023 2022 2021 2020 2019 2018 Health Maintenance Organizations Hospital, medical, surgery, vision and prescription drugs $ 174,691,313 $ 146,072,683 $ 135,219,831 $ 136,562,607 $ 130,734,009 $ 117,915,071 PPO and Indemnity Plan Hospital, medical, surgical $ 422,903,451 $ 394,715,742 $ 348,093,246 $ 330,626,300 $ 343,690,630 $ 331,910,684 Prescription drug program 114,465,519 118,950,334 150,940,556 142,200,793 158,231,099 138,008,660 Vision service plan 8,349,703 8,145,288 7,937,214 7,841,506 7,521,342 7,402,889 Subtotal $ 545,718,673 $ 521,811,364 $ 506,971,016 $ 480,668,599 $ 509,443,071 $ 477,322,233 Medicare Part B Reimbursements Medicare premiums reimbursements $ 20,404,763 $ 18,354,304 $ 18,162,700 $ 16,728,161 $ 15,933,804 $ 14,771,772 Dental Programs: HMO and PPO Participants Dental services - adults $ 50,795,118 $ 42,154,370 $ 39,623,860 $ 40,652,119 $ 43,504,657 $ 40,766,514 Dental services - children 10,592,686 9,067,068 9,535,775 9,993,822 10,913,848 10,425,968 Subtotal $ 61,387,804 $ 51,221,438 $ 49,159,635 $ 50,645,941 $ 54,418,505 $ 51,192,482 Other Programs for Eligible Participants Life insurance, AD&D $ 5,566,741 $ 6,128,999 $ 4,924,584 $ 3,861,196 $ 5,005,109 $ 4,704,263 Chiropractic 9,567,878 8,705,305 7,330,657 9,030,817 9,095,243 7,632,640 Social security supplement 623,112 404,804 177,664 162,975 469,665 574,363 Alcoholism/Drug Recovery Program 3,231,483 2,297,890 2,726,326 3,886,081 4,884,744 5,105,665 Hearing aids 2,657,286 2,625,977 2,191,187 2,075,884 2,875,828 2,432,626 Subsequent prosthetic device 235,247 103,269 42,204 64,062 111,224 57,142 Subtotal $ 21,881,747 $ 20,266,244 $ 17,392,622 $ 19,081,015 $ 22,441,813 $ 20,506,699 Non-Industrial Disability Supplement (NIDS) For those receiving CSDI (CA) $ 6,706,405 $ 4,340,700 $ 6,869,423 $ 5,411,828 $ 3,396,499 $ 3,361,308 Weekly Indemnity & NIDS (OR & WA) 9,808,788 9,303,492 13,352,945 11,301,778 6,904,379 5,589,547 Subtotal $ 16,515,193 $ 13,644,192 $ 20,222,368 $ 16,713,606 $ 10,300,878 $ 8,950,855 Subsidy Benefits for Certain Pre-7/1/75 Widows WILSP subsidy payments - - - - - - TOTAL BENEFITS $ 840,599,493 $ 771,370,225 $ 747,128,172 $ 720,399,929 $ 743,272,080 $ 690,659,112 Reconciliation to Form 5500 (accrual) 21,639,765 7,522,844 9,786,689 (8,656,574) (6,949,158) (14,897,311) TOTAL BENEFITS AFTER RECONCILIATION $ 862,239,258 $ 778,893,069 $ 756,914,861 $ 711,743,355 $ 736,322,922 $ 675,761,801 CHANGES IN NET ASSETS AVAILABLE FOR WELFARE BENEFITS For Plan Year Ended June 30: 2023 2022 2021 2020 2019 2018 Investment Income $ 534,496 $ 24,600 $ 18,094 $ 165,279 $ 143,366 $ 60,437 Contributions: Employers 883,919,170 824,163,129 794,817,659 761,387,433 790,691,376 715,778,035 Employees 13,535,037 12,779,040 10,045,017 10,043,712 12,598,166 13,076,067 COBRA/self-pay contribution 34,053 134,665 45,981 7,375 43,349 54,104 Total contributions $ 897,488,260 $ 837,076,834 $ 804,908,657 $ 771,438,520 $ 803,332,891 $ 728,908,206 Other Income 8,328,287 9,852,230 6,212,074 6,209,422 6,608,483 9,607,863 Total additions $ 906,351,043 $ 846,953,664 $ 811,138,825 $ 777,813,221 $ 810,084,740 $ 738,576,506 Deductions: Benefits paid $ 840,599,493 $ 771,370,225 $ 747,128,172 $ 720,399,929 $ 743,272,080 $ 690,659,112 Administrative expenses 57,256,793 56,014,554 63,022,093 55,121,861 49,289,801 52,359,627 Total deductions $ 897,856,286 $ 827,384,779 $ 810,150,265 $ 775,521,790 $ 792,561,881 $ 743,018,739 Net increase (decrease) $ 8,494,757 $ 19,568,885 $ 988,560 $ 2,291,431 $ 17,522,859 $ (4,442,233) Net assets available for benefits: Beginning of year $ 218,903,918 $ 199,335,033 $ 198,346,473 $ 196,055,042 $ 178,532,183 $ 182,974,416 End of year $ 227,398,675 $ 218,903,918 $ 199,335,033 $ 198,346,473 $ 196,055,042 $ 178,532,183 Welfare Benefits 68 2023 ANNUAL REPORT S TAT I S T I C A L I N F O R M AT I O N