Newspapers / Amco News (High Point, … / April 1, 1985, edition 1 / Page 4
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m Page 4 Benefits Improved On January 1, 1985, significant improvements were im plemented in the Pension and Employee Welfare Benefit Plans of Adams-Millis Corporation. An nounced in December by Chairman J.H. Millis, Sr., the im provements were made at no ad ditional costs to employees. PENSION PLAN The Pension Plan im provements were: (a.) a reduc tion of the social security offset from 75% to 50% and; (b.) an in crease in the creditable service minimum benefit from $3 to $4 per year of service. These changes will result in greater benefits to participants who retire in 1985 and beyond. Included in the announcement letter from Chairman Millis was an illustration of the significance of these changes. A calculation of an actual employee’s benefit under the old and new formulas showed a significant increase in the pension plan benefit. In his announcement, Millis stated “The Pension Plan is an important part of the security program Adams-Millis maintains for you and your family. Again, we are happy to provide it as an indication of our appreciation for your service. These im provements should make a good plan even better.” EMPLOYEE WELFARE BENEFIT PLAN The Employee Welfare Benefit Plan, often referred to as the health care plan, is another pro gram that plays an integral role in the overall benefits structure Elaine Teague Benefits Director of the company. The plan is fund ed solely by employee and com pany contributions. In other words, there is no insurance com pany—we all pay the health care bill. The company maintains The Equitable Life Assurance Society as claims administrator. Mr. Millis announced the following improvements to the plan: 1. Weekly Indemnity increas ed to $65, $75 and $85 according to income. 2. The Lifetime Maximum benefit increased to $100,000. 3. The Medicare Supplement Lifetime Maximum for retired employees increased to $10,000. In addition to these im provements, a comprehensive Dental Benefit Plan was added as optional coverage for active employees and their dependents. Dental insurance has been one of the most frequently requested ILLUSTRATION B Front ADAMS-MILLIS CORPORATION PZ 70191 IDENTIFICATION NUMBER NAME: (Employee Name) ID #: (Social Security Number) IHtEQWTABU employee THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES 62944 0562 .jQygPIPY ADMINISTRATOR NUMBER N.E.I.&i^ © COVERAGE CALL (919)889-7071 Back Prior Authorization Required For All Hospital Admissions 1. Obtain request form from your Employer 2. Have physician complete form and send it to the Equitable PAR Services 3. In case of Emergency Admissions, call 800-662-2273 (in Pennsylvania 800-342-2399) within 48 hours of admission. Failure To Comply May Result in Reduced Benefits (Toll-free Pre-Admission Review Number) benefits by Adams-Millis employees. The coverage was im plemented with features that in clude diagnostic and preventive services that are payable at 100% with no deductible. The plan also provides coverage of basic and major services such as fillings, extractions, dentures and bridgework. There is a $50 calendar year deductible with the plan reim bursement rate of 80% or 50% depending on the type of service. There is $1,000 of allowable charges per calendar year with the exceptions of treatment for periodontics, orthodontics and treatment for Temporoman dibular Joint Dysfunction. Summary Plan Description booklets for the dental plan were distributed in January. Each par ticipating employee is urged to read the booklet carefully for specific details of the coverage. The cost of the new dental coverage will be shared by employees and the company. PRE-ADMISSION REVIEW (PAR) The company also announced the implementation of the Pre- Admission Review program. As previously stated, the company’s (See Benefits, Page 5) Portia Jenkins Plant 8 Rochelle Ester Plant 1 Pearl Willard Plant 4 Nancy Tilley Plant 11 Faye Robbins Administrative Office ILLUSTRATION A REQUEST FOR PRE ADMISSION REVIEW BUBSERVICES A DIVISION Of THitQUlTABLE RO. BOX 1247 CORAOPOLIS. PA 15108 TELEPHONE TOLL-FREE MON.-Fpi, 9 AM to 5 PM 800-662-2273 (IN PA 800-342-2399) PRIOR AUTHORIZATION IS REQUIRED FOR ALL HOSPITAL ADMISSIONS AUTHORIZATION NUMBER PHONE O MAIL 0 ORK3 a ELECTIVE 0 EXT D EMERG. D (OFFICE use OJLY) P L E A S E to *®'Poi'7ation to Release Information Have PAR Services at the toll-free number above ^ received an authorization notice before admission contact PART A EMPLOYEE NAME (FIRST) (Ml) TO BE COMPLETED BY EMPLOYEE (LAST) STREET TELEPHONE NO (DAY TIME) PATIENT NAME (FIRST) (Ml) (LAST) -L DATE OF BIRTH SOCIAL SECURITY # EMPLOYER S NAME GROUP NO I BRANCH # LOCATION I th authorization to release INFORMATIOKI ho%itS,onl!cXedon'thfsfol"Tsin^S^^^^ records ol the atxive patient pertaining to the to any other person without my written consent unless exnrpcQiv Services representative and will not be furnished in an identifiable form written nrtice to PAR Services, but this will not apply to informationalrnai^rnto^l!![®!? ' Hni^eisland that this authorization may be revoked by one year from the date it is signed. ^ 'ritormation already released If not revoked, this authorization will be valid tor a maximum of PATIENT/GUARDIAN SIGNATURE — - • — -- • . - - NOTE: THIS IS NOT A CLAIM FORM PART B L- _J5_BE_C0M^TED by ATTENDING PHYSICIAN TELEPHONE NO ( ) ADMITTING DIAGNOSIS ICO-9 CODE PROPOSED SURGERY PROCEDURE STATE ZIP expected date OF ADM ANTICIF ATED LENGTH OF STAY date of surgery Wha, Cher ---s List clinical findings, complicating conditions, etc. which affect this hospital,zatiom DAYS AUTH. MED □ SURG □ DIV CODE CATEGORY (OFFICE USE QNIV) _ Please cafpAR^ST^ices^AufeafeTwS^ adrrnssion c PHYSICIAN S NAME (TYPE OR PRINT)” mailing ADDRESS PHYSICIAN'S SIGNATURE CZI INT) CITY J SPECIALTY TAX ID NO ■ ZIP telephone no ( ) ® 7 1 el a T — — date completed 13 14 ^ I 17 I ia I 19 20 21 22 23
Amco News (High Point, N.C.)
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April 1, 1985, edition 1
4
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