Masonry Magazine September 1963 Page. 12
25 MASONS
three floors up
easily supplied
by
LAD-E-VATOR
Automatic
Hoist!
a positive answer to
the problem of rising costs
and a larger PROFIT for
you.
The Lad-E-Vator is built of tempered aluminum, giving an over-all weight only one-third that of steel. Because of this light weight the Lad-E-Vater transports and sets-up easily. The tower telescopes to 16, 20 or 25 ft. lengths for towing behind car or truck. Unloading height for materials up to 42 ft. Load capacity is 1250 lbs. Lad-E-Vator is also available with a curved top for using as a skip, or with dumping scoop for hoisting loose materials.
Write us today for the distributor nearest you.
CAMPBELL Equipment Company
P. O. Box 306, Des Plaines, Illinois
12
Benefit Plans
(Continued from page 5)
The kinds of benefits that health and welfare funds provide are:
* Death
* Accidental death and dismemberment
* Disability income
* Hospital, surgical, and medical
In the early stages of a fund it is possible that not all of these will be provided. Hospital, surgical, and medical benefits are often provided for dependents, but not always at the same level as for participants.
The efforts the trustees put forth at the start of the program to establish a sound plan will minimize many future problems. If initial benefits are unreasonably high either a fund deficit or easily-recognized inequalities will soon arise.
Selecting the Financing Medium
The financing medium, or channel through which benefits will be paid, also will be an important item for consideration by trustees during the formation stages of the plan.
There are alternative financing mediums to be considered with regard to each benefit. The alternatives for Death, accidental death and dismemberment, and disability income benefits:
* Insurance companies
* Self-insurance
Hospital, medical, and surgical benefits:
* Insurance companies
* Blue Cross-Blue Shield
* Group practice and foundation programs
* Self-insurance
Each of these financing mediums has its merits and disadvantages. For example, while certain insurance company charges are saved by a self-insured plan, these savings may be dissipated by increased internal administrative costs.
Only by evaluating all considerations can trustees ensure that the best decision is being made for the participant group.
It is the practice of most funds to have competitive insurance companies, and where appropriate, Blue Cross-Blue Shield, provide bids. These bids are based on specifications provided by the trustees, usually with the assistance of their consultant. These specifications should be so constructed as to allow analysis of the net cost that would charge the fund.
Communicating With Participants and Employers
Once the benefits are established and the financing method is selected, the program can be communicated. Some of the things that trustees generally tell participants and employers are:
* Eligibility rules
* Benefit schedule
* How to file a claim
* Employee contributions to continue eligibility if minimum hours are not worked (if provided in the plan)
* How to get information
* Address of the fund office
* Names of trustees
* Negotiating parties
(Continued on page 15)
MASONRY September,