Pacific Maritime Association

68 2 0 1 5 A N N U A L R E P O R T S T A T I S T I C A L I N F O R M A T I O N COSTS OF WELFARE BENEFITS PAID CATEGORIZED BY TYPE OF BENEFIT For Plan Year Ended June 30: 2015 2014 2013 2012 2011 2010 Health Maintenance Organizations Hospital, medical, surgery, vision and prescription drugs $ 100,037,623 $ 103,203,300 $ 95,250,736 $ 91,292,289 $ 90,934,131 $ 94,212,321 PPO and Indemnity Plan Hospital, medical, surgical $ 286,536,469 $ 296,053,267 $ 312,549,509 $ 362,985,406 $ 298,221,735 $ 295,408,989 Prescription drug program 125,335,301 108,973,503 89,436,323 80,851,275 76,554,675 68,901,041 Vision service plan 6,408,181 5,681,729 5,688,220 5,040,327 4,563,132 3,932,352 Vision supplement (frames, contacts) – – – – – – Diabetic durable equipment – – 329 777 952 604 Subtotal $ 418,279,951 $ 410,708,499 $ 407,674,381 $ 448,877,785 $ 379,340,494 $ 368,242,986 Medicare Part B Reimbursements Medicare premiums reimbursements $ 12,302,262 $ 12,251,891 $ 12,051,071 $ 11,595,530 $ 11,334,802 $ 11,184,750 Dental Programs: HMO and PPO Participants Dental services - adults $ 36,674,976 $ 36,194,160 $ 33,304,028 $ 33,203,817 $ 31,399,658 $ 31,377,364 Dental services - children 10,026,853 10,499,601 9,727,268 10,653,016 10,755,748 10,183,033 Subtotal $ 46,701,829 $ 46,693,761 $ 43,031,296 $ 43,856,833 $ 42,155,406 $ 41,560,397 Other Programs for Eligible Participants Life insurance, AD&D $ 5,407,570 $ 4,632,798 $ 4,415,021 $ 3,889,749 $ 4,129,328 $ 5,203,433 Chiropractic 5,008,673 6,247,573 5,904,988 7,095,476 6,320,854 6,923,334 Social security supplement 577,810 631,575 585,136 603,956 888,089 950,148 Alcoholism/Drug Recovery Program 6,034,620 6,002,308 5,618,755 5,150,304 4,408,617 4,329,763 Hearing aids 2,069,378 2,017,632 2,247,126 1,956,574 1,586,404 2,030,117 Subsequent prosthetic device 100,897 158,668 50,025 91,792 57,670 72,462 Subtotal $ 19,198,948 $ 19,690,554 $ 18,821,051 $ 18,787,851 $ 17,390,962 $ 19,509,257 Non-Industrial Disability Supplement (NIDS) For those receiving CSDI (CA) $ 3,724,079 $ 3,931,601 $ 3,646,768 $ 3,702,638 $ 3,575,409 $ 5,015,654 CSDI Supplement – – – – – – Weekly Indemnity & NIDS (OR & WA) 5,118,657 4,933,504 3,727,976 2,415,702 2,304,427 4,416,641 Subtotal $ 8,842,736 $ 8,865,105 $ 7,374,744 $ 6,118,340 $ 5,879,836 $ 9,432,295 Subsidy Benefits for Certain Pre-7/1/75 Widows WILSP subsidy payments $ 190,848 $ 207,279 $ 219,866 $ 249,651 $ 280,576 $ 286,806 TOTAL BENEFITS $ 605,554,197 $ 601,620,389 $ 584,423,145 $ 620,778,279 $ 547,316,207 $ 544,428,812 Reconciliation to Form 5500 (accrual) 11,972,456 (25,781,833) 1,684,816 19,437,141 24,688,631 5,060,508 Reconciliation to Form 5500 for reclassifications of expenses – – 18,469,793 16,937,309 15,211,532 16,112,260 TOTAL BENEFITS AFTER RECONCILIATION $ 617,526,653 $ 575,838,556 $ 604,577,754 $ 657,152,729 $ 587,216,370 $ 565,601,580 CHANGES IN NET ASSETS AVAILABLE FOR WELFARE BENEFITS For Plan Year Ended June 30: 2015 2014 2013 2012 2011 2010 Investment Income $ 44,478 $ 76,566 $ 61,544 $ 66,264 $ 120,345 $ 116,422 Contributions: Employers $ 657,558,826 $ 606,953,184 $ 605,177,975 $ 648,126,742 $ 546,214,412 $ 571,239,503 Employees 13,180,484 11,329,574 12,526,485 12,554,478 11,580,832 10,407,065 WILSP/Union – – – – – – COBRA/self-pay contribution 91,973 86,914 92,298 86,647 118,369 99,830 Total contributions $ 670,831,283 $ 618,369,672 $ 617,796,758 $ 660,767,867 $ 557,913,613 $ 581,746,398 Other Income 5,396,513 5,731,586 4,634,832 6,948,993 7,532,948 4,048,291 Total additions $ 676,272,274 $ 624,177,824 $ 622,493,134 $ 667,783,124 $ 565,566,906 $ 585,911,111 Deductions: Benefits paid $ 605,554,197 $ 601,620,389 $ 584,423,145 $ 620,778,279 $ 547,316,207 $ 544,428,812 Administrative expenses 42,858,542 43,562,773 30,253,924 27,048,367 22,785,535 23,278,807 Total deductions $ 648,412,739 $ 645,183,162 $ 614,677,069 $ 647,826,646 $ 570,101,742 $ 567,707,619 Net increase (decrease) $ 27,859,535 $ (21,005,338) $ 7,816,065 $ 19,956,478 $ (4,534,836) $ 18,203,492 Net assets available for benefits: Beginning of year $ 149,184,717 $ 170,190,055 $ 162,373,990 $ 142,417,512 $ 146,952,348 $ 128,748,856 End of year $ 177,044,252 $ 149,184,717 $ 170,190,055 $ 162,373,990 $ 142,417,512 $ 146,952,348 Welfare Benefits

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