Post by Logan on Mar 17, 2016 0:08:13 GMT -6
Detroit — Time is running out for thousands of city retirees who are eligible to recoup millions in out-of-pocket costs for medical co-pays and prescriptions they paid for last year.
Officials for the city’s two independent health care trusts — established as part of Detroit’s landmark bankruptcy — are putting out a final call to retirees with Health Reimbursement Accounts who are entitled to more than 60 percent of reimbursement funds that have gone unclaimed for the 2015 calendar year.
A 90-day grace period to submit receipts is up on March 31, and officials say about $5.2 million in unused dollars won’t roll over.
“A lot of people fell off the map because they didn’t realize that they had that benefit coming to them, and they never applied for it,” said Greg Trozak, a Police and Fire Retirement System trustee, who formerly served as chairman of the health care trust for police and fire. “We are trying to coordinate and get everybody hooked back in.”
Read more: www.detroitnews.com/story/news/local/detroit-city/2016/03/16/last-call-retirees-collect-health-funds/81895180/
Officials for the city’s two independent health care trusts — established as part of Detroit’s landmark bankruptcy — are putting out a final call to retirees with Health Reimbursement Accounts who are entitled to more than 60 percent of reimbursement funds that have gone unclaimed for the 2015 calendar year.
A 90-day grace period to submit receipts is up on March 31, and officials say about $5.2 million in unused dollars won’t roll over.
“A lot of people fell off the map because they didn’t realize that they had that benefit coming to them, and they never applied for it,” said Greg Trozak, a Police and Fire Retirement System trustee, who formerly served as chairman of the health care trust for police and fire. “We are trying to coordinate and get everybody hooked back in.”
Read more: www.detroitnews.com/story/news/local/detroit-city/2016/03/16/last-call-retirees-collect-health-funds/81895180/