The hour bank plan is specifically designed for construction workers who work in the field. Eligibility for the Hour Bank Benefit Plan is determined by the number of hours flowing through an employee’s “hour bank account”. It acts like a bank account, but hours instead of dollars are recorded. The employer reports all hours on a monthly basis, including overtime, worked by each employee. An employee becomes eligible to receive benefits on the first day of the second month following the accumulation of 300 hours in his or her hour bank account. For each month of coverage, 150 hours are deducted from the account. If the account falls below 150 hours, the employee can elect to self-pay for up to six consecutive months. The employee is reinstated when 150 hours are again accumulated within eight months.