The Machinist Health and Welfare Trust
The IAM has their own Regence Blue shield administered health and welfare plans to fit our members' families' needs. In fact, many times employers contact us because these plans are cheaper than what they currently pay to cover their employees with comparable benefits. This makes for a smoother organizing process. Sometimes we can make it a win- win situation for everyone. We can raise your standard of living and, at the same time, save the company money.
Regence Life (as of August 1, 2004)
$3,000 / $5,000 / $8,000 / $10,000 / $15,000 / $20,000
- $1,000 spouse
- $100-$1,000 children
Weekly Income - subject to monthly contribution rates
$125 / $150 / $160 / $175 / $200 / $250 / $300 / $350 / $425
Weekly income benefits begin 1st day of accident or hospitalization/4th day illness not hospital confined, Payable up to 26 weeks. The $300 and $350 per week benefit based on 60% of earnings up to the flat amount. $500 / $600eekly income benefits begin 1st day of accident or hospitalization/3rd day illness not hospital confined, payable up to 26 weeks. The $500 and $600 per week benefit based on 60% of earnings up to the flat amount.