Member Benefits:  HSTA VEBA Trust Updates

August 18, 2015

How long could you afford to be without a paycheck?

According to the Council for Disability Awareness, 44% of U.S. families spend more than they earn. 1 65% of working Americans say they could not cover normal living expenses even for a year if their employment income was lost. 2. If you are enrolled in Long Term Income Protection Insurance through the HSTA VEBA Trust you could receive 50%, 60%, or 66-2/3% of your salary (depending on what you enrolled in).  The premiums are based on your monthly salary, age, and elimination period (either 6 or 9 months).

Learn more at our website at http://www.hstaveba.org or call our office at 808-440-6940 or 1-800-637-4926 (toll free from neighbor islands). 

1. Federal Reserve Board, Survey of Consumer Finances, 2007
2. Social Security Administration, Disabled Worker Beneficiary Statistics, ssa.gov


August 14, 2015

Top 5 Misconceptions about Long Term Care Insurance

1. Medicare or Medicaid will pay for most of it.
2. Health insurance covers long term care.
3. My family will have time to take care of me.
4. Long term care is needed only by the elderly.
5. I’m still healthy and active, so there’s no need to plan now.

Unfortunately, public programs cover only so much of the cost. A great majority of individuals must rely on personal income and resources to pay for long term care. Family caregivers face out-of-pocket costs that aren’t covered by any policy or public program, ranging from $4601 to $6742 per month.

1.The MetLife Study of Caregiving Costs to a worker caregiver June 2011
2. Miles Away-The MetLife Study of Long Distance Caregiving, Mature Market Institute MetLife, July 2004.

Check out our website at http://www.hstaveba.org or call our office at 808-440-6940 or 1-800-637-4926 (toll free from neighbor islands). 


August 7, 2015

This is a reminder for members who are enrolled in Critical Illness Insurance with the HSTA VEBA Trust.  MetLife will pay a Health Screening Benefit of $50.00 or $100.00, depending on the plan you selected, for a qualified screening.

Contact MetLife Customer Service at 1-800-438-6388 for more information and your claim form to file for your Health Screening Benefit.

If you are interested in Critical Illness Insurance, open enrollment will be in October.  Be on the lookout for more information in the next couple of months.

Check out our website at http://www.hstaveba.org or call our office at 808-440-6940 or 1-800-637-4926 (toll free from neighbor islands). 


July 29, 2015


o Did you know that the HSTA VEBA Trust Long Term Care Insurance is the best value for your money compared to an individual plan? 
o Did you know that if you are enrolled in the HSTA VEBA Trust Long Term Care Insurance that you can also have your spouse and/or family members apply for Long Term Care Insurance and take advantage of the your group rate?
o Did you know that if you are not enrolled, you may still apply for any HSTA VEBA Trust Voluntary Plans? 

It’s all TRUE! Check out our website at http://www.hstaveba.org or call our office at 808-440-6940 or 1-800-637-4926 (toll free from neighbor islands).