Masonry Magazine October 1969 Page. 17
Your MCAA Insurance Program
At Work for YOU
MCAA INSURANCE COMMITTEE:
Harry Piotrowski, Chairman
Donald Larson
Darrell Wild
William Dentinger
Robert Tubesing
Walter T. Derk, Consultant
An interim Progress Report on MCAA's Insurance Programs
Fred S. James & Co. first assumed responsibility for administration of the MCAA Group Insurance Program in 1963 when it consisted of just one policy. Since then it has grown markedly in terms of different benefit plans available, degree of participation and sophistication.
MCAA can be justifiably proud of its current program which continues to make insurance protection available at a premium level far under what it costs members or their own. And that, after all, is the principal reason for its existence.
Coverages Presently In Force
GROUP ACCIDENTAL DEATH AND DISMEMBERMENT
The anniversary date of this coverage is December 1, the current premium level being $29,000.
$1.000 Group Accidental Death and Dismemberment coverage is provided free to each MCAA member-firm, for the benefit of a named owner, officer or key employee.
Salaried employees and their families have the opportunity to supplement this list at low group rates by adding additional names and selection of optionally higher coverage limits as well as Accident Medical Reimbursement and Accident Weekly Disability benefits. Because individual rates are approximately double, all employers should consider letting employees participate, even at their own expense, since this is an advantage not otherwise available to them.
Accident claims reported by our members and their families include:
DATE
February 1965
April 1965
August 1965
October 1965
October 1965
December 1965
January 1966
January 1966
February 1966
March 1966
March 1966
March 1966
July 1966
August 1966
October 1966
LOCATION
Texas
Oregon
Virginia
Texas
Kentucky
Arizona
Rhode Island
Ohio
Texas
Ohio
Missouri
Connecticut
Missouri
Georgia
Rhode Island
STATUS
Paid $500.00
Paid $1,000.00
Paid $172.00
Paid $255.69
Paid $5,000.00
Paid $321.50
Paid $35.45
Paid $721.42
Paid $600.00
Paid $2,028.56
Paid $546.45
No Medical Carried
Paid $276.65
Paid $1,000.00
No Medical Carried
October 1966
October 1966
October 1966
December 1966
December 1966
January 1967
January 1967
March 1967
May 1967
May 1967
June 1967
July 1967
October 1967
May 1968
July 1968
July 1968
September 1968
October 1968
November 1968
February 1969
February 1969
March 1969
June 1969
Colorado
Illinois
Pennsylvania
Rhode Island
Rhode Island
Illinois
Minnesota
Connecticut
Texas
Colorado
Ohio
Texas
Illinois
Colorado
Oklahoma
Ohio
Massachusetts
Minnesota
Arizona
Rhode Island
Missouri
Indiana
Rhode Island
Paid $1,228.56
Paid $18.50
Paid $435.70
Paid $500.00
Paid $500.00
Paid $18.50
Paid $56.75
Pai! $18.50
$500,00
Paid $328.56
Paid $133.47
Paid $71.43
$42.80
$1,000.00
$15.00
$200.00
Pai $550.00
Paid $374.15
Paid $30.00
$20.00
Paid $171.43
Paid $339.00
Paid $78.00
Specific recommendations for renewal incorporating needed changes have been made to the insurance committee and these will be acted upon as required, the object being to further strengthen and refine the plan.
FAMILY MONEY PLAN
The anniversary date of this popular plan is April 15, with an interim billing made on October 15 of each year. The carrier is the Fireman's Fund-American Group and the annual premium volume is $20,000 at premium rates which cannot be duplicated today, either in the Fireman's Fund or another company.
With hospital and related medical costs on the increase as they are, supplemental protection is becoming more and more a necessity. This policy provides $30 per day of hospital confinement for salaried employees, $20 for their insured spouse and $10 per day for each child. Benefits begin on the first day of confinement without any waiting period and it pays in addition to other coverage you may have in force.