Pacific Maritime Association

68 68 2 0 1 3 A N N U A L R E P O R T COSTS OF WELFARE BENEFITS PAID CATEGORIZED BY TYPE OF BENEFIT For Plan Year Ended June 30: 2013 2012 2011 2010 2009 2008 Health Maintenance Organizations Hospital, medical, surgery, vision and prescription drugs $ 95,250,736 $ 91,292,289 $ 90,934,131 $ 94,212,321 $ 93,709,316 $ 98,074,329 PPO and Indemnity Plan Hospital, medical, surgical $ 329,249,758 $ 377,019,712 $ 311,308,739 $ 309,264,475 $ 262,640,062 $ 222,330,380 Prescription drug program 90,542,632 82,047,225 77,626,149 69,958,122 63,567,936 56,527,535 Vision service plan 5,688,220 5,040,327 4,563,132 3,932,352 3,840,166 2,162,129 Vision supplement (frames, contacts) – – – – 493 964 Diabetic durable equipment 329 777 952 604 1,219 310 Subtotal $ 425,480,939 $ 464,108,041 $ 393,498,972 $ 383,155,553 $ 330,049,876 $ 281,021,318 Medicare Part B Reimbursements Medicare premiums reimbursements $ 12,051,071 $ 11,595,530 $ 11,334,802 $ 11,184,750 $ 10,895,789 $ 10,595,640 Dental Programs: HMO and PPO Participants Dental services - adults $ 33,593,767 $ 33,459,815 $ 31,522,891 $ 31,471,567 $ 29,590,977 $ 28,043,382 Dental services - children 10,539,645 11,547,370 11,427,866 11,014,347 10,913,008 11,077,871 Subtotal $ 44,133,412 $ 45,007,185 $ 42,950,757 $ 42,485,914 $ 40,503,985 $ 39,121,253 Other Programs for Eligible Participants Life insurance, AD&D $ 4,415,021 $ 3,889,749 $ 4,129,328 $ 5,203,433 $ 5,070,563 $ 3,514,160 Chiropractic 6,109,838 7,347,004 6,578,557 7,197,510 5,728,275 7,141,132 Social security supplement 585,136 603,956 888,089 950,148 1,521,109 744,022 Alcoholism/Drug Recovery Program 5,618,755 5,150,304 4,408,617 4,329,763 4,621,433 3,911,118 Hearing aids 2,247,126 1,956,574 1,586,404 2,030,117 1,590,380 392,287 Subsequent prosthetic device 50,025 91,792 57,670 72,462 72,038 92,028 Subtotal $ 19,025,901 $ 19,039,379 $ 17,648,665 $ 19,783,433 $ 18,603,798 $ 15,794,747 Non-Industrial Disability Supplement (NIDS) For those receiving CSDI (CA) $ 3,765,459 $ 3,935,836 $ 3,575,409 $ 5,015,654 $ 4,885,062 $ 4,434,154 CSDI Supplement – – – – – – Weekly Indemnity & NIDS (OR & WA) 3,764,522 2,487,677 2,304,427 4,416,641 8,722,238 9,235,148 Subtotal $ 7,529,981 $ 6,423,513 $ 5,879,836 $ 9,432,295 $ 13,607,300 $ 13,669,302 Subsidy Benefits for Certain Pre-7/1/75 Widows WILSP subsidy payments $ 219,866 $ 249,651 $ 280,576 $ 286,806 $ 534,467 $ 24,500 TOTAL BENEFITS $ 603,691,906 $ 637,715,588 $ 562,527,739 $ 560,541,072 $ 507,904,531 $ 458,301,089 Reconciliation to Form 5500 (accrual) $ 91,413,000 $ 21,224,769 $ 24,688,631 $ 5,060,508 $ 17,480,225 $ 134,366 TOTAL BENEFITS AFTER RECONCILIATION $ 695,104,906 $ 658,940,357 $ 587,216,370 $ 565,601,580 $ 525,384,756 $ 458,435,455 CHANGES IN NET ASSETS AVAILABLE FOR WELFARE BENEFITS For Plan Year Ended June 30: 2013 2012 2011 2010 2009 2008 Investment Income $ 61,544 $ 66,264 $ 120,345 $ 116,422 $ 123,349 $ 570,169 Contributions: Employers $ 589,667,975 $ 648,126,742 $ 546,214,412 $ 571,239,503 $ 510,291,423 $ 451,902,286 Employees 12,526,485 12,554,478 11,580,832 10,407,065 7,088,211 9,647,003 WILSP/Union – – – – 509,006 – COBRA/self-pay contribution 92,298 86,647 118,369 99,830 125,559 89,742 Total contributions $ 602,348,302 $ 660,767,867 $ 557,913,613 $ 581,746,398 $ 518,014,199 $ 461,639,031 Other Income 4,634,832 6,948,993 7,532,948 4,048,291 6,149,450 5,880,130 Total additions $ 606,983,134 $ 667,783,124 $ 565,566,906 $ 585,911,111 $ 524,286,998 $ 468,089,330 Deductions: Benefits paid $ 603,691,906 $ 637,715,588 $ 562,527,739 $ 560,541,072 $ 507,904,531 $ 458,301,089 Administrative expenses 11,784,131 10,111,058 7,574,003 7,166,547 6,498,076 6,426,081 Total deductions $ 615,476,037 $ 647,826,646 $ 570,101,742 $ 567,707,619 $ 514,402,607 $ 464,727,170 Net increase (decrease) $ (8,492,903) $ 19,956,478 $ (4,534,836) $ 18,203,492 $ 9,884,391 $ 3,362,160 Net assets available for benefits: Beginning of year $ 162,373,990 $ 142,417,512 $ 146,952,348 $ 128,748,856 $ 118,864,465 $ 115,502,305 End of year $ 153,881,087 $ 162,373,990 $ 142,417,512 $ 146,952,348 $ 128,748,856 $ 118,864,465 Welfare Benefits S T A T I S T I C A L I N F O R M A T I O N

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