Glossary of Terms
Automatic Enrollment
If you are not currently enrolled in IATSE Plan C health coverage, once your CAPP account balance reaches a certain amount (currently $3,084), you will be required to enroll in a Plan C health coverage option for the following coverage quarter.
Beneficiary
The person (or people) you choose to receive your benefits (such as life insurance or death benefit payments) when you pass away.
CAPP Account (Contributions Available for Premium Payments)
An account used primarily to pay premiums for Plan C health coverage. Employers contribute money to this account when you work under USA 829 contracts.
Coinsurance
The percentage of a medical bill you have to pay after you’ve met your deductible. For example, if your plan covers 80% of the cost of a procedure, you would pay the remaining 20% — that 20% is your coinsurance.
Copayment
A flat dollar amount you pay for a specific type of healthcare service — like $20 for a doctor’s visit or $10 for a prescription. It’s a fixed fee you pay each time you use a service.
Deductible
The amount you have to pay out of your own pocket for covered medical services before your health insurance begins to pay. For example, if your plan has a $1,000 deductible, you’ll need to pay the first $1,000 of your medical bills before your coverage kicks in.
Defined Benefit Plan
A retirement plan that guarantees vested participants a set monthly payment for life upon retirement, based on how much you worked and earned while covered.
Defined Contribution Plan
A retirement plan where the final amount you receive depends on how much money goes into the plan and how it grows over time. The USA 829 401(k) Plan and IATSE Annuity Fund are examples.
Disqualifying Employment
For USA 829 pension recipients, this means working on USA 829 contracts for 11 or more days in a month — doing so may suspend your pension payments for that month.
Excess Funds (CAPP)
Having “excess funds” means that the balance in your CAPP account is greater than the cost of the next two quarters of coverage in the Plan C option in which you are currently enrolled.
Hardship Withdrawal
A way to take money out of your 401(k) or Annuity account early if you’re facing a serious financial need, such as medical bills or eviction. Taxes and penalties may apply.
IATSE National Benefit Funds (NBF)
The organization that manages Plan C health coverage and the IATSE Annuity Fund. They are separate from USA 829.
Optional Enrollment
If you are not currently enrolled in IATSE Plan C health coverage, once your CAPP account balance reaches a certain amount (currently $1,128), you have the option to enroll in Plan C coverage for the following coverage quarter — but you're not required to.
Out-of-Pocket Maximum
The maximum amount you pay before a health plan begins to pay 100% for covered services. This maximum may consist of deductibles, coinsurance, and/or copayments.
Pension Credit
The units you earn under the Pension Fund based on your earnings or employer contributions made on your behalf in a calendar year. For vested participants, more credits = higher monthly benefit for when you retire.
Plan C (Health Coverage)
Health coverage offered through IATSE, available to those working under USA 829 contracts. Includes several options (C-1, C-2, C-3, C-4) with different costs and benefits.
Plan C-MRP (Medical Reimbursement Program)
An option for workers with other group coverage that allows them to use their CAPP funds to get reimbursed for eligible medical expenses. Also available to those enrolled in C-1, C-2, C-3, or C-4 who have “excess funds” in their CAPP account.
R-MRP (Retiree-only Medical Reimbursement Program)
A program for retired Plan C participants enrolled in Medicare. Lets you move your CAPP balance into a new R-MRP account which can be used to get reimbursed for out-of-pocket healthcare expenses.
Recordkeeper
The company that handles the money in your retirement account. They track your balance, investments, and transactions. Fidelity (for 401(k)) and Principal (for Annuity) are examples.
Self-Pay
When you don’t have enough in your CAPP account to cover your health premium, you can make up the difference out of pocket to keep your coverage active (with certain limitations).
Vested
The point at which you earn a guaranteed right to receive a pension in the future.