■ HHHH ■■H
VOL.
27
Eden, N. C., April 28, 1969
NO. 20
Your Insurance Covers Most Of Bill!
the last issue of The Mill Whistle,
i,® ®3id, “Your group insurance leads
field.” We pointed out that Field-
6st employees have an exceptionally
ood group insurance plan which is
pj landing when compared with any
in tjjg industry. Also, your plan is
hi h° date (revised last in 1968), has
gh benefits and doesn’t leave out re
tirees.
The
proof of the pudding is in the
^dng, however, and the next question
Which
you may well already have asked
IS, “What WAS the experience
5'ourself
Unde
hid^^-- Itospital-surgical-medical claims
®r the new plan? How much of the
it actually pay for its members?
How much was left for the employees
to pay?”
An analysis of the first nine months
of operation under the new hospital
plan has just been completed. The re
sults were even better than we expect
ed. The record shows that during the
nine-months period there were 2,165
hospital cases, a total of 13,855 days of
hospitalization, making an average of
6.4 days of hospital care. Against an
average daily room cost of $26.40, the
Fieldcrest insurance paid $23.30, leav
ing only $3.10 a day to be paid by the
employee. Thus, insurance covered 88.3
percent of the cost for hospital room
and board.
this view, left three-quarters of the picture show the addition built at the
‘eldale Towel Mill to house additional yarn manufacturing facilities.
^3-Million Expansion Completed
u he $5-million expansion
j, Sun at the Fieldale Towel
Wale, Va., early in 1968 has
program
Mill,
been
th ^l®*utially completed. Construction of
c ® additions to the buildings has been
Wpleted and all of the additional ma-
tjjWery has been received. The last of
bp^- ®'3uipment installed is expected to
operation within a few weeks.
expansion program included large
jjh.ding additions and the purchase of
Oil JlW'ual terry looms to produce high
gg^lily, highly styled terry towels, to-
her with additional yarn manufactur
ing facilities to provide yarn for the
extra looms.
In addition to the space for the in
creased yarn manufacturing facilities,
a three-story addition was built on the
east side of the finishing building to
provide space for cutting, sewing, ware
housing, etc., of the additional towel
production.
The total expansion program will
provide approximately 250 additional
jobs when all of the equipment is in
full operation. The mill before the ex
pansion had about 1,300 employees.
Take the old bugaboo of hospital
extras. What happened there?
The average daily cost of hospital
extras amounted to $26.05. The insur
ance paid $23.25 a day, or a whopping
89.3 percent of these miscellaneous
charges. The cost to the employee for
hospital extras was only $2.80 per day,
on the average.
Let’s look at doctors’ charges, in
cluding surgery, hospital visits and sup
plemental accident cases. Here, the
Fieldcrest insurance plan paid 70.6 per
cent of all such charges.
HOW DID YOU FARE LAST YEAR?
Now, putting all hospital, surgical
and medical charges together, let’s see
how the employee came out:
For hospital room and extras, the av
erage cost was $52.45 per day. Of this
amount, the Fieldcrest insurance paid
$46.55 per day, or 88.8 percent. For all
hospital, surgical and medical charges
(including supplemental accident cases
not hospitalized) the Fieldcrest group
insurance paid 83.7 percent. Few group
plans, not even Blue Cross types that
supposedly pay total costs in some
areas, will really prove out this well.
In addition to all of these facts and
(Continued On Page Four)
Fieldcrest To Buy Mill
At Scottsboro, Ala.
G. W. Moore, president of Fieldcrest
Mills, Inc., April 24 annoimced that
Fieldcrest has reached agreement with
J. P. Stevens & Co., Inc., to purchase
the Maples No. 1 plant in Scottsboro,
Alabama.
Mr. Moore said that Homer Morris,
formerly superintendent of the mill for
Stevens, has been employed as plant
manager for Fieldcrest.
J. P. Stevens & Co., Inc., annoimced
recently that it would consolidate its
small rug manufacturing operations in
Piedmont, S. C., and would discontinue
operations at Scottsboro.
Fieldcrest is already engaged in the
manufacture of small tufted rugs in a
limited way. Mr. Moore said present
plans are to develop a complete line to
be coordinated with the company’s other
lines of domestics products and sold un
der the Fieldcrest and St. Marys labels.