Historical Newspapers of South Carolina

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L Page 10 IMPORTANT INSURANCE INFORMATION TELEPHONE 833-5500 -m jr AREA CODE 803 Llinton Mills MANUFACTURERS OF SUPERIOR QUALITY FABRICS P. 0. DRAWER 1215 CLINTON, SOUTH CAROLINA 29325-1215 The Clinton Mills, Inc. Disability Benefit Plan For Employees of Clinton Mills, Inc. and Affiliates This is a summary of the annual report for the Disability Benefit Plan For Employees of Clinton Mills, Inc., and Affiliates, EIN 57-0783443, for July 1,1986, to June 30,1987. The annual report has been filed with the Internal Revenue Service, as required under the Employee Retirement Income Security Act of 1974 (ERISA). Financial Information For the period covered by this report Clinton Mills, Inc. paid a total of $110,586 in temporary disability income claims; Your Rights to Additional Information You have the right to receive a copy of the full annual report or any part thereof, on request. To obtain a copy of the full annual report, or any part thereof, write to the office of John L. Wallace, who is the plan administrator. The charge to cover copying costs will be $1 for the full annual report, or $.25 per page for any part thereof. You also have the right to receive from the plan administrator, on request and at no charge, a statement of the assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying notes, or both. If you request a copy of the full annual report from the plan administrator, these two statements and accompanying notes will be included in that report. The charge to cover copying costs given above does not include a charge for the copying of these portions of the reports because these portions are furnished without charge. You also have the legally protected right to examine the annual report at the main office of the plan, Clinton Mills Inc., 600 Academy Street, Clinton, SC 29325, and at the U.S. Department of Labor in Washington, D.C., or to obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the department should be addres sed to: Public Disclosure Room, N4677, Pension and Welfare Benefit Programs, Depart ment of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20216. For assistance in obtaining a copy of available information, contact the personnel manager in your work area. John L. Wallace Benefit Plans Administrator Clinton Mills Drawer 1215 Clinton, S.C. 29325 SINCE 1896 New Procedure in Processing Insurance Claims Effective July 1 Clinton Mills Group Insurance Carrier, Provident Insurance Company, will discon tinue sending Duplicate Coverage Inquiries on July 1, 1988. “This means that if a covered employee of Clinton Mills has coverage under another group insurance plan, the employee must submit a copy of the other carrier's explana tion of benefits when they know the other company is the primary carrier,” says Insur ance Coordinator Truman Owens. “If, for some reason, the employee does not provide a copy of the explanation of be nefits, Provident will process the claim under the assumption the other carrier has paid 100 percent of the charges,” stated Owens. “There will be a message on the explana tion of benefits explaining this and asking the insured to obtain a copy of the Explana tion of Benefits from the other carrier for submission to Provident.” The change in procedure has been brought about because we have been receiv ing less and less information from other car riers about the benefits they have paid as a primary carrier. “Each insured gets a copy of the carrier payments. It will be much more efficient to process the claim if the employee brings the explanation of benefits at the time the claim is submitted. Claims will not be submitted by Clinton Mills to Provident until Explana tion of Benefits is provided,” emphasized Owens. This new procedure in no way affects the coverage eligible employees have under our insurance plan. This is simply a way of knowing what the other carrier pays so we can process the claims more efficiently. The revised procedure affects only those claims where another group insurance car rier is primary. It has no effect on claims where Clinton Mills is the primary carrier or where an employee has personal insurance. Anyone having questions regarding the new procedure should contact Truman Owens, Lucille White or Bob Dettmar. Taking Medication? Compare pharmacies for the best price Over the past several years as health care costs have continued to rise quicker than other cost indexes, associates have been en couraged to approach their health care “pur chases” as they would any other purchase. Simply stated, this means “shopping” for the best price based upon an acceptable level of service. While many associates are reluctant to believe that significant cost differences ex ist, a little “shopping around” will quickly reveal the variations in cost that exist for the same services and other medical products. As an example, a survey was recently done concerning the cost of different prescription medications. The result is as follows: An employee is required to take a mainte nance drug. The cost of this prescription supply was quoted as follows: * Pharmacy Price A $44.83 B 42.29 C 42.15 D 41.45 E 41.13 ' F 36.85 4 Because this associate had been paying $44.83, a change to another drugstore will save $7.98 each refill! This is a savings of approximately 18 percent on each purchase of this drug! Assuming 2 tablets per day, this associate would save $116.51 per year at Pharmacy F. The above survey was conducted locally and is offered as an example of the fact that money can be saved by simply shopping around a little. Remember, the money you save is your own! Questions Associates Ask Most Frequently About Group Insurance By Truman Owens •. Can I cover them Q. My child finished high school and is 18 years of age. Is she still covered on my Also, if he/she attends college as a full-time student, she is covered to age 24 Q. ays A. days. Should I present my proview card on admission to the hospital? Q. After I have met my $200 Major Medical deductible, can I bring my receipts or charge is stated. A cancelled check will not be accepted and any bill a ...v,,..... .....v....... .. room for treatment, will my insurance pay? Q. Iff A. No, not until you have Q. My daughter, who lives with me and is dependent on me, is pregnant. Will my r anci A. No ...... A. On X-XX" -Sfi :-x ; x : :;X : ':: : xX :■ :■ 'x:.x:-xx:x