Bundled Plan Sample Clauses

Bundled Plan. The Local 170 Health and Welfare Fund provides a bundled plan of benefits consisting of medical, dental, life insurance, accidental, death and dismemberment insurance, short-term disability income benefit, prescription drug benefits, spousal burial benefit, Dependent life benefit, vision benefits and certain wellness benefit/programs. The Fund files a form 5500 each year, as required by ERISA, and identifies itself as one plan. Participating employers are required to make contributions on behalf of their Employees as a condition of plan coverage. The Board establishes a minimum rate of contribution for each tier of benefits and the Union and the participating employers engage in contract negotiations including the cost and benefit of participating in the Fund. Each company has the opportunity to negotiate the tier of benefits, as described hereafter. All benefits are bargained and paid for as one package. Once negotiated, the employees individually select which medical care provider network they desire to utilize, Blue Cross Blue Shield or Fallon Health. However, the medical networks are very similar in size; the standard of care is equally comprehensive. Employees are provided with excellent medical and prescription drug benefits. Further, each active employee is automatically provided welfare benefits. It is, and has been the intention of the Board, that the health and welfare benefits of the Plan encompass and constitute one benefit plan for ERISA purposes. The plan has one name, the Teamsters Local 170 Health and Welfare Plan.