Published: 19 October 2016
Last Updated: 19 October 2016
Click on this link to access the DSRA Benefit Trust 2016 Q2 financials: 2016 Q2 Financials
Published: 03 October 2016
Last Updated: 03 October 2016
Important Information Regarding the HCTC :
This update should be read by anyone who enrolled in the HCTC AMP 7-1-16 or the months since or anyone who has not enrolled as of yet but plans to enroll in the AMP January 1, 2017.
For those of you that were enrolled in the BCBSM medical plans- Silver, Bronze or Copper- but were not enrolled in either dental and or vision coverage at the time of your form 13441-A application, BCBSM automatically enrolled you and any family members on your contract in dental and vision coverage. You should have received a new BCBSM subscriber ID card indicating that you now have Medical/Dental and Vision coverage.
If you have a post 65 spouse with Dental and or Vision coverage, their situation is not affected. If you have the Gold Medical plan, you already have Dental and Vision coverage and are not affected by this change.
BCBSM made these changes in order to set up the AMP process for us effective 7-1-16. This was done under extremely tight time limitations due to the late approval of the AMP by the IRS. 65% of our BCBSM medical plan enrollees already were enrolled in Dental and Vision so this forced change affected the remaining 35% of our enrollees. The Board of the DSRA Benefit Trust was not informed of this change until very recently. Please accept our apologies for this lack of upfront information.
HCTC Eligible Enrollees currently not Enrolled in the AMP-
If you plan to start the AMP in 2017, submit form 13441-A to the IRS on or soon after November 14th, which we hope will start the AMP January 1, 2017. The IRS will take over complete control of the administration of the 2017 AMP process from BCBSM. Effective with the payment to be made in December for January coverage, billing and payment is expected to be done directly with the IRS. The IRS has not gotten its complete organization in place as yet but they are telling us they will be ready by November 14th, including having a call center for questions. Please keep an eye out for communications from the IRS and your DSRA Benefit Trust.
Your DSRA Benefit Trust Board
Published: 26 September 2016
Last Updated: 26 September 2016
Our annual Open Enrollment period is just around the corner. It’s time to start thinking about your 2017 benefit elections. The open enrollment period will depend on your age as follows:
Please be on the lookout for additional details in October!
Published: 13 January 2016
Last Updated: 13 January 2016
There are many people who still think the DSRA and the DSRA-BT are the same organization. This is not TRUE!
- The DSRA (Delphi Salaried Retirees Association) is the organization that is working hard to restore our pensions.
- The DSRA-BT (DSRA Benefit Trust) is the organization that handles healthcare plans including medical, dental, and vision and also life insurance.
We just want to remind everyone that if you have any questions pertaining to healthcare or the HCTC (Health Care Tax Credit), please contact your DSRA-BT board not the DSRA. Our website is http://www.dsrabenefittrust.net
DSRA Benefit Trust Board of Directors
Published: 20 November 2015
Last Updated: 20 November 2015
Did you know that DSRA-BT offers medical plans that are specifically designed to meet the IRS requirements that allow you to establish and make contributions to a Health Savings Account (HSA)? The pre-65 BRONZE and COPPER medical plans are the only plans that meet the requirements for plan participants to be eligible to establish an HSA.
An HSA is an individual account you can open, add money to, and spend on eligible health care expenses. An HSA provides account holders with triple tax savings:
- Tax credit for contributions to the account
- Tax-free earnings
- Tax-free withdrawals for qualified expenses, as per IRS code 213(d); sample eligible expenses include:
- Out-of-pocket expenses like deductibles and coinsurance
- Hospital, lab, and diagnostic services
- Prescription drugs
- Artificial teeth
- Dental treatment (like cleanings, fillings, extractions, orthodontics)
- Contact lenses, eyeglasses, and reading glasses
- Eye exams
- Laser eye surgery
* Please note that the BRONZE and COPPER medical plans do not include dental or vision coverage; these benefits would be separate elections from your medical plan election.
If you elect to participate in the BRONZE or COPPER medical plans, you are eligible to establish an HSA through the financial institution of your choice!
Additional details about Health Savings Accounts are available in the 2016 Guide to Benefits for Pre-65 Members, which can be found on our website – www.dsrabenefittrust.net – along with all of the materials related to our annual open enrollment. We encourage you to review the benefit information carefully and ask that you make prompt decisions regarding your 2016 benefit elections.
The government sets the annual dollar maximum that can be made to an HSA depending on the level of coverage you have under your health insurance. Coverage of two or more people is considered family coverage. People who are age 55 or older can make additional catch-up contributions.
DSRA-Benefit Trust Board of Directors
Published: 17 November 2015
Last Updated: 20 November 2015
The Delphi Salaried Retiree Association-Benefit Trust (DSRA-BT) will continue to provide financial assistance to those in need for the 2016 plan year. The DSRA-BT Hardship Grant is intended to assist Delphi Salaried Retirees and/or their survivors, dependents, and spouses that face serious hardship because of their financial situation, medical needs and costs for medical and prescription drug benefits as a result of Delphi’s bankruptcy. The Hardship Grant is considered taxable income to the recipient.
Below, the 2016 Hardship Grant application process is reviewed followed by further important news for both the Under Age 65 and the Age 65 & Over groups.
Read more: 2016 Hardship Grant