Americana Financial Selects The Hartford to Provide Senior Medical Benefits to LTV Steel Retirees through Steel Worker Benefits Plus.Business Editors and Health/Medical Writers WARWICK, R.I.--(BW HealthWire)--May 6, 2002 Americana Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , Inc., the outreach and service center for The Retired Steelworkers Benefits Plan and Trust (Steel Worker Benefits Plus), announced today that The Hartford Financial Services Group, Inc. (NYSE NYSE See: New York Stock Exchange : HIG HIG Human immunoglobulin, see there )(1), through it's subsidiary Hartford Life and Accident, will provide Senior Medical benefits to Steelworkers Benefits Plus plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. age-65 and over. Steel Worker Benefits Plus is the Voluntary Employee Beneficiary Association IRS Definition A voluntary employees' beneficiary association (VEBA) under Internal Revenue Code section 501(c)(9) is an organization organized to pay life, sick, accident, and similar benefits to members or their dependents, or designated beneficiaries if no part of the net (VEBA VEBA Voluntary Employees' Beneficiary Association ) health benefits plan arranged by and for LTV LTV See: Loan-to-value ratio retirees and former employees with the assistance of Americana Financial. For post age-65 Medicare eligible retirees, the plan, which fills the gaps in Medicare, is as low as $93.00 per month. An optional Prescription Drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, plan provided by (name of carrier/underwriting company here is also available for $32.50 per month. Members may participate beginning May 1, 2002 and the open enrollment period for the plan is through June 30, 2002. The plan is available nationwide with the exception of MN, FL, WA and VT. Hartford Life and Accident Insurance Company is an A+ rated carrier from A.M Best and is one of the nation's leading providers of Senior Medical plans among other products. According to Samuel H. Fleet, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Americana, The Hartford offers one of the best and most flexible senior health plans in the marketplace today. "We are pleased to administer The Hartford Senior Medical Plan to the steel workers, and know from experience that participants will be pleased with the plan benefits and rates. Americana has teamed with The Hartford extensively on numerous Senior Medical cases, as well as other programs and member satisfaction levels are consistently very high," said Fleet. "Our shared clients include Polaroid Corporation, Acme Steel, Harvard Industries and others. The Hartford is an (organization that stands by its reputation for providing quality products, efficient claims turnaround and excellent customer service," said Fleet. Steel Worker Benefits Plus Senior Plan Highlights -- Economical premiums -- Prescription drug program -- Nationwide coverage -- Freedom of provider choice -- Foreign travel coverage -- No paperwork or claim forms -- Dedicated retiree customer care specialists Plan members can also access their benefits and a health information resource center online at www.MemberNetUSA.net/steel. To service the former employees of LTV a dedicated, toll free number has been established at: 800-717-7895. Due to LTV's recent bankruptcy, the majority of its retirees and laid off employees have been left with limited health plan options, therefore, Americana will also administer other health and life benefits recently terminated by LTV, including Dental, Life (may not be available in all states) and a Critical Illness Plan. (1) Through its subsidiary, Hartford Life Insurance Company (and/or any other issuers) |
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