PLEASE NOTE THAT YOUR RATES AND "DEPOSIT" ARE
ADJUSTED ON THE OCTOBER BILLING STATEMENT.
FREQUENTLY ASKED QUESTIONS REGARDING CVT SELF-PAID RETIREE ACCOUNT
WHAT ARE MY "DEPOSIT" REQUIREMENTS?
October is the time of the year when the "deposit", that you already have on
file for your CVT self-paid retiree account, is adjusted to equal one months
premium under the new rates for the new plan year. If there has been an increase
or decrease in your monthly premium, your "existing" deposit is adjusted on
the October statement.
The following explanation of the CVT deposit requirement is included for your records. Under this direct arrangement with the Trust, self-paid retirees are required to have on file one month's premium for all selected plans as a "deposit". This deposit is held in your account as a safeguard against cancellation for late payment of premium and, should you decide to leave the Trust in the future, is fully refundable. It may also be used for your last month's premium. Please note that the deposit must always equal one month's total premium and is adjusted whenever your rate is changed.
WHEN ARE MY MONTHLY PAYMENTS DUE?
Payments for retiree accounts are always due on the first of each month and
are considered delinquent after the tenth of that month. The Trust does not
accept postdated checks; however, you may pay for a future month's premium as
long as the check has a current date. A billing statement is sent to you by
the 25th of each month.
WHO DO I CALL WITH QUESTIONS OR CONCERNS?
Please remember that we are only a phone call away. Please direct any questions
or concerns regarding your account to the CVT Member Services Department at
(800) 288-9870.
CVT WOULD LIKE TO THANK YOU FOR YOUR PARTICIPATION!!!
CVT wishes to provide our retirees the best benefits at the most reasonable cost possible. Your comments, suggestions and input are always welcome. Thank you for your continuing participation in our joint union-management trust.