BENEFITS & COSTS
IBEW Local 130
Summary of Benefits & Costs
Benefits are made available to full time, actively working Members of IBEW Local 130.
For quick and easy enrollment, call Union One at (224) 770−5305 (M-F 8am-5pm CST)
Critical Illness Coverage
- Pays a lump sum benefit directly to the individual
- Covers critical health events such as heart attack, cancer, stroke, COVID, kidney failure and more
- Members can elect either a $10,000 or $20,000 benefit
- Spouse can be covered at 50% of member election
- Dependent children are covered at 50% of member election at no additional cost
- Includes a $50 Health Screening Benefit
Member Coverage
Rates are locked at the age you enroll.
| Low Option: $10,000 | ||
| Age | Monthly Premium Non-Smoker | Monthly Premium Smoker |
| < 30 | $7.37 | $9.07 |
| 30 – 39 | $9.98 | $13.80 |
| 40 – 49 | $16.38 | $23.97 |
| 50 – 59 | $28.76 | $44.66 |
| 60 – 69 | $52.17 | $79.96 |
| High Option: $20,000 | ||
| Age | Monthly Premium Non-Smoker | Monthly Premium Smoker |
| < 30 | $10.23 | $14.62 |
| 30 – 39 | $16.45 | $24.07 |
| 40 – 49 | $29.23 | $44.43 |
| 50 – 59 | $51.99 | $83.79 |
| 60 – 69 | $98.81 | $156.40 |
* Member must enroll in order to elect spouse coverage.
Spouse Coverage
Rates are locked at the age you enroll.
| Low Option: $5,000 Benefit | ||
| Age | Monthly Premium Non-Smoker | Monthly Premium Smoker |
| < 30 | $5.45 | $6.29 |
| 30 – 39 | $6.74 | $8.66 |
| 40 – 49 | $9.95 | $13.75 |
| 50 – 59 | $16.14 | $24.09 |
| 60 – 69 | $27.84 | $41.74 |
| High Option: $10,000 | ||
| Age | Monthly Premium Non-Smoker | Monthly Premium Smoker |
| < 30 | $7.37 | $9.07 |
| 30 – 39 | $9.98 | $13.80 |
| 40 – 49 | $16.38 | $23.97 |
| 50 – 59 | $28.76 | $44.66 |
| 60 – 69 | $52.17 | $79.96 |
* Member must enroll in order to elect spouse coverage.
Accident Coverage
- Pays a lump sum benefit directly to the individual
- Guaranteed Approved coverage
- No pre-existing limitations
- Includes a Wellness Benefit of up to $30 for covered preventive screening
- Covers injuries including fractures, burns, concussions, dislocations, lacerations, etc.
- Covers services including ER visit, x-ray, MRI, anesthesia, crutches, stitches, casts, etc.
| Accident Coverage Options and Rates | ||||||
| Coverage | Monthly Premium | |||||
| Member | $12.21 | |||||
| Member & Spouse | $19.67 | |||||
| Member & Child | $26.35 | |||||
| Family | $33.81 | |||||
How Does the Coverage Work?
Amount payable was generated based on benefit amounts for: Closed-Fracture of the Thigh ($2,400), Ambulance to Hospital ($200), Emergency Room Admission ($125), X-Ray ($50), Medical Devices (crutches) ($50), and Physician Follow-Up ($25).
IMPORTANT NOTE:
If you leave the union or retire it is your responsibility to contact our office immediately at (847) 387-3555. Failure to do so within 30 days will forfeit your ability to keep coverage and receive any premium refunds. Premium is determined by your age on the coverage effective date, and will increase on the next policy anniversary date after you enter the next age band. Benefit effective dates are subject to change. The IBEW does not make any endorsement or recommendations regarding these benefits. This program is voluntary and It is solely the Members’ decision to enroll. This is a basic summary of benefits and makes no guarantee or warranty on the processing of claims. Other limitations may apply. It is recommended that each enrolled Member obtain a copy and read the entire policy booklet. All non-banking administrative and transaction fees are included in the enclosed premiums.
Time Left to Enroll
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Enrollment Ends 12/10/2021
Coverage Begins 1/1/2022
(224) 770−5305