Southern California Drug Benefit Fund

The Southern California Drug Benefit Fund is a Voluntary Employees' Beneficiary Association (VEBA) based in Los Angeles, California. It operates as a nonprofit organization with an Employer Identification Number (EIN) of 95-6474516.

Purpose and Operations

The organization provides health benefits to union members and their dependents, primarily in the retail drug store, healthcare, and general service sectors. These benefits are collectively bargained by UFCW unions and contributing employers. The Fund is managed by a Board of Trustees, who oversee the administration and management of the benefits.

Benefits Offered

The Southern California Drug Benefit Fund offers comprehensive health plans, including medical, dental, vision, and prescription drug coverage. The plans are generally divided into tiers such as Platinum and Gold, each offering different levels of coverage and cost-sharing arrangements. For instance, the prescription drug coverage includes no deductible for participating pharmacies, with specific out-of-pocket maximums depending on the plan and type of enrollee.

Beneficiaries and Impact

The Fund serves over 35,000 participants and dependents by providing essential health and pension benefits. This makes it a significant provider in the region, supporting both employees and their families with comprehensive healthcare services.

Governance

The governance of the Fund is structured around a board of trustees appointed by participating unions and contributing employers. This collaborative approach ensures that the benefits align with the needs and expectations of both the employees and the employers.

Conclusion

The Southern California Drug Benefit Fund plays a crucial role in supporting the healthcare needs of union members and their families in Southern California by offering comprehensive benefits that are tailored to their specific requirements.