Welcome to TEIBAS’s The Wire. This blog is a one-stop shop for you, our members, whether you want more information on your pension and/or benefit plans, you’re looking to explore retirement planning tools, or want to keep up with TEIBAS — this blog is for you! As members of IBEW Local 353 you are enrolled in the IBEW Local 353 Pension and Benefits Plans. Here at TEIBAS, we administer those plans. We are a small organization with a dedicated and caring team that strives for excellence in delivering the best member experience possible.
Reminder: Prescription Drugs changes become effective September 1st
Effective September 1, 2024, the IBEW Local 353 Benefit Plan is introducing a standard generic drug program which was voted on at the Union’s April 7th Special Called Meeting. Most provincial and private drug plans have already made the transition…
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What You Need to Know About Orthotics Under the IBEW Local 353 Benefit Plan
Custom made orthopedic shoes or orthotics are covered by the IBEW Local 353 Benefit Plan to a combined maximum of $500 in any 12-month period, including: Click here for the orthotic claim submission guidelines. Remember: an estimate or pre-approval should…
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Benefits At A Glance
It’s that time of the year again. The results of the Special Called Meeting are now posted on myteibas.com. For a quick glance at your benefits and what will be in effect May 1, 2024, check out your Benefits at…
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What is Critical Illness Insurance?
Critical Illness insurance is a type of insurance coverage that provides for a fixed payment if you are diagnosed for illnesses covered by the IBEW Local 353 Critical Illness insurance policy. Critical Illnesses are medical emergencies like heart attacks, strokes,…
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New Travel Insurance Coming Your Way
New carrier, same benefits. Effective May 1, 2024, your travel and trip cancellation insurance is provided by Beneva. Your coverage remains the same, but there is a new policy number for active and retired members and new emergency and general…
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The Value of a Pension – Pension Awareness Day February 15th
February 15th is Pension Awareness Day. The third Thursday of February marks a day launched by Ontario’s pension regulator, the Financial Services Regulatory Authority of Ontario, to recognize the value of a pension. Your IBEW Local 353 Pension Plan may…
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Disability Benefits – Help When You Need It the Most
Did you know? If you’re ill or injured and are unable to work, you may qualify for short- or long-term disability benefits through your IBEW Local 353 disability benefits. When you are unable to work it’s important to know that…
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Mental Health Resources at Your Fingertips
When it comes to your mental, physical, or financial health, it takes work to build a healthy lifestyle. But you don’t have to do it alone. As a member of the IBEW Local 353 you have a variety of mental…
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TEIBAS End of Year Checklist
It’s hard to believe it, but 2024 is just around the corner. As we wrap up the year here at TEIBAS, we like to reflect on end of 2023 and the beginning of 2024. The new year is a time…
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Have you reviewed your auto insurance lately?
The leaves are falling, and the kids are back to school. Fall is time of renewal and reflection. It’s also a great time to review your auto insurance coverage and policy. Did you know? If you are injured or off…
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