Introducing The Gauge – Local 4’s Benefit Funds Newsletter
On behalf of the full Local 4 team, we're pleased to share our new Benefit Funds newsletter: The Gauge. You may have already received the print edition.
Important Update on Form 1095-B
In accordance with guidance from the Internal Revenue Service, the IUOE Local 4 Health & Welfare Fund will not be distributing Form 1095-B to individuals documenting coverage for the tax year 2020.
2021: What You Need to Know
PrudentRx Copay Program for Specialty Drugs There are over 400 specialty medications available today, and that number is rapidly growing. These medications typically cost several hundred dollars monthly as they may require unique methods of administration such as injections or infusions. The Health Plan has partnered with PrudentRx to reduce specialty costs through an innovative copay program, effective January 1, 2021.
Retirement Plan Investment Update
Please note that effective on or about February 1, 2021, AllianzGI Funds will be renamed to Virtus Funds. The funds offered in the Annuity and Savings Plan that is impacted is the AllianzGI Dividend Value Fund. Please review the attached notices.
COVID-19 Briefing for Blue Cross Partners
Local 4 Plan Participants are invited to attend a Blue Cross COVID-19 webinar this coming Monday, February 1 at 3:30 PM. See this message from Blue Cross to learn more: As the COVID-19 vaccines begin to receive FDA approval and become available, we know that there are questions and concerns from our clients and members.
MassMutual Becomes Empower Retirement
As of January 1, 2021, MassMutual will become Empower Retirement. Nothing will change for you: same investment options, same great service, and the same commitment to your retirement education. To learn more about the MassMutual and Empower Retirement merger, click here.
Manage Chronic Conditions with Livongo
Health experts agree that monitoring your blood pressure is one of the best ways you can manage chronic health conditions like hypertension, high blood pressure, and heart disease. It’s also a clear way to reduce the chance of a heart attack or stroke. That’s why we’ve proudly partnered with Livongo’s Hypertension program.
Standing By Our Members
At Local 4, we stand by our members and their families through thick and thin. Especially when they’re facing a life-changing disease. Watch what Local 4’s healthcare has meant to Mike and Stephanie McGann.