Issue link: https://pma.uberflip.com/i/1544017
COSTS OF WELFARE BENEFITS PAID CATEGORIZED BY TYPE OF BENEFIT For Plan Year Ended June 30: 2025 2024 2023 2022 2021 2020 Health Maintenance Organizations Hospital, medical, surgery, vision and prescription drugs $ 173,923,590 $ 169,431,593 $ 174,691,313 $ 146,072,683 $ 135,219,831 $ 136,562,607 PPO and Indemnity Plan Hospital, medical, surgical $ 485,048,159 $ 457,820,622 $ 422,903,451 $ 394,715,742 $ 348,093,246 $ 330,626,300 Prescription drug program 135,039,970 124,755,694 114,465,519 118,950,334 150,940,556 142,200,793 Vision service plan 12,685,128 11,663,282 8,349,703 8,145,288 7,937,214 7,841,506 Subtotal $ 632,773,257 $ 594,239,598 $ 545,718,673 $ 521,811,364 $ 506,971,016 $ 480,668,599 Medicare Part B Reimbursements Medicare premiums reimbursements $ 23,026,539 $ 21,167,708 $ 20,404,763 $ 18,354,304 $ 18,162,700 $ 16,728,161 Dental Programs: HMO and PPO Participants Dental services - adults $ 50,630,899 $ 49,757,052 $ 50,795,118 $ 42,154,370 $ 39,623,860 $ 40,652,119 Dental services - children 10,934,351 10,609,941 10,592,686 9,067,068 9,535,775 9,993,822 Subtotal $ 61,565,250 $ 60,366,993 $ 61,387,804 $ 51,221,438 $ 49,159,635 $ 50,645,941 Other Programs for Eligible Participants Life insurance, AD&D $ 14,474,988 $ 24,857,631 $ 5,566,741 $ 6,128,999 $ 4,924,584 $ 3,861,196 Chiropractic 4,199,632 6,867,222 9,567,878 8,705,305 7,330,657 9,030,817 Social security supplement 212,581 273,753 623,112 404,804 177,664 162,975 Alcoholism/Drug Recovery Program 2,306,085 3,179,572 3,231,483 2,297,890 2,726,326 3,886,081 Hearing aids 5,448,004 1,671,176 2,657,286 2,625,977 2,191,187 2,075,884 Subsequent prosthetic device 88,155 184,924 235,247 103,269 42,204 64,062 Subtotal $ 26,729,445 $ 37,034,278 $ 21,881,747 $ 20,266,244 $ 17,392,622 $ 19,081,015 Non-Industrial Disability Supplement (NIDS) For those receiving CSDI (CA) $ 4,536,457 $ 7,068,479 $ 6,706,405 $ 4,340,700 $ 6,869,423 $ 5,411,828 Weekly Indemnity & NIDS (OR & WA) 7,839,515 9,858,519 9,808,788 9,303,492 13,352,945 11,301,778 Subtotal $ 12,375,972 $ 16,926,998 $ 16,515,193 $ 13,644,192 $ 20,222,368 $ 16,713,606 Subsidy Benefits for Certain Pre-7/1/75 Widows WILSP subsidy payments - - - - - - TOTAL BENEFITS $ 930,394,053 $ 899,167,168 $ 840,599,493 $ 771,370,225 $ 747,128,172 $ 720,399,929 Reconciliation to Form 5500 (accrual) 3,963,307 4,939,249 21,639,765 7,522,844 9,786,689 (8,656,574) TOTAL BENEFITS AFTER RECONCILIATION $ 934,357,360 $ 904,106,417 $ 862,239,258 $ 778,893,069 $ 756,914,861 $ 711,743,355 CHANGES IN NET ASSETS AVAILABLE FOR WELFARE BENEFITS For Plan Year Ended June 30: 2025 2024 2023 2022 2021 2020 Investment Income $ 741,164 $ 1,034,744 $ 534,496 $ 24,600 $ 18,094 $ 165,279 Contributions: Employers 1,002,521,209 944,184,722 883,919,170 824,163,129 794,817,659 761,387,433 Employees 16,043,569 19,989,500 13,535,037 12,779,040 10,045,017 10,043,712 COBRA/self-pay contribution 228,662 221,488 34,053 134,665 45,981 7,375 Total contributions $ 1,018,793,440 $ 964,395,710 $ 897,488,260 $ 837,076,834 $ 804,908,657 $ 771,438,520 Other Income 8,890,091 8,599,216 8,328,287 9,852,230 6,212,074 6,209,422 Total additions $ 1,028,424,695 $ 974,029,670 $ 906,351,043 $ 846,953,664 $ 811,138,825 $ 777,813,221 Deductions: Benefits paid $ 930,394,053 $ 899,167,168 $ 840,599,493 $ 771,370,225 $ 747,128,172 $ 720,399,929 Administrative expenses 65,402,697 65,136,956 57,256,793 56,014,554 63,022,093 55,121,861 Total deductions $ 995,796,750 $ 964,304,124 $ 897,856,286 $ 827,384,779 $ 810,150,265 $ 775,521,790 Net increase (decrease) $ 32,627,945 $ 9,725,546 $ 8,494,757 $ 19,568,885 $ 988,560 $ 2,291,431 Net assets available for benefits: Beginning of year $ 237,124,221 $ 227,398,675 $ 218,903,918 $ 199,335,033 $ 198,346,473 $ 196,055,042 End of year $ 269,752,166 $ 237,124,221 $ 227,398,675 $ 218,903,918 $ 199,335,033 $ 198,346,473 Welfare Benefits 64 2025 ANNUAL REPORT S TAT I S T I C A L I N F O R M AT I O N