1960 - Established major medical plan for employees, retirees and dependents
1964
-
Established Basic
Medical health plan in addition to major medical for employees, pensioners and
dependents. Company paid 1/4 of cost - employee paid 3/4 cost of insurance
premium
1970
-
Company agreed to
pay full premium of health care package
1972
-
HMO option was
added to health plan in addition to Basic Blue Cross (and major medical) United
Medical Clinics and Kaiser were available choices. Surgical and medical fees
were covered
at 80% of
reasonable and customary (UCR) charges. Out-of-pocket deductibles were decreased
to 2% of basic wage / or $250 deductible. .
1974
-
Dental Plan
was introduced
-
UCR increased to
90% for surgical and physician fees. Deductible decreased to 1% or $150 per
individual.
1977
-
Expanded Health
coverage, new orthodontia coverage. Increased maximum health coverage.
1980
-
Vision care
introduced
- dental
coverage increased. UCR increased to 95%. Many services now covered at 100%.
1983
-
Additional
services covered
at 100%
1986
-
New coverage for
hospice care, extended care facilities, home health care, extended care, etc.
Mail order prescription plan and substance abuse programs introduced. Improved
vision plan. Increased dependent life insurance coverage.
1989-Dental
improvements
-
pay up to 75%. New
pre tax health care spending. Employee Assistance program to assist in dealing
with substance abuse and emotional illness.
1992- Improved prescription drug plan. Mental health coverage improved.
2001 - Laser vision corrective surgery offered at discounted rates.
2001
-
Introduction of
Care Plus -
employee
paid supplemental medical plan for certain costly potentially life saving
treatments currently not covered by medical plan.
2002
-
Dental Expense
Plan schedule increased 5%. New dental PPO available - increased annual maximum
to $1,300, orthodontia life time maximum of $1,600. Medical flexible sending
accounts increased with employees being able to contribute up to $3,000 pre-tax
for medical expenses (up from $1,500). Improve treatments of Class 11
dependents. Improve treatment
of disabled dependents. Establish a Joint Health & Disability Benefit Committee.