Understanding Important Welfare Coverage Terms

December 22, 2014

When using your NYCDCC Welfare Fund coverage, it is important to understand the terms that are used in your Summary Plan Description (SPD) and your Explanation of Benefits (EOBs). Three terms that you will often see when using your coverage are “Co-payment,” “Co-insurance,” and “Deductible.” In the leaflet below, we have defined these terms for you and also outlined how they are related to your coverage. Please click the leaflet to view an enlarged version, and also feel free to print this leaflet out and use it as a reference when you need it.