Plumbers & Steamfitters Local 486

“Labor First is well aware of the importance of supplying affordable health care to our union brothers and sisters who have worked hard for many years to retire with dignity.”

--William Welsh, Business Manager

The Plumbers & Steamfitters Local 486 retirees were facing rising medical and drug costs. A decrease in benefits, in order to lower costs, was imminent. They had been operating under a self-funded Retiree Drug Subsidy (RDS) which could not be maintained at the same benefits and cost levels. When they decided to explore new options, they turned to us to manage their Medicare eligible member benefits and provide innovative coverage options.

Our team performed a thorough analysis of the existing member coverage and benefits, in order to tailor a solution that would have a meaningful impact on the retirees and the Fund. The proposed solution would transition the member's drug plan from a self-funded RDS drug model to a fully insured Part D EGWP plan. Minimizing disruption was a key requirement of our partnership, so member copays and pharmacies were unchanged - making the transition as seamless as possible.

“We established a more cost effective solution that offered the same benefits members had come to expect, while offering an entirely new level of member and Fund support.”

--Gian Ricchezza, Executive Vice President

Choosing Labor First meant that the Fund and Members would enjoy an unprecedented level of service and benefits. We were able to offer a more streamlined ID card process for both their medical and drug coverage. This alleviated past administrative challenges and retiree ease of use. Members also received access to our Full Service Retiree Advocates, who help them navigate their healthcare system, protect their rights, and support them when they need it most. Through direct access to knowledgable Retiree Advocates that know them by name, retiree events and seminars, assistance with claims, and contacting healthcare providers or Medicare, the Plumbers & Steamfitters Local 486 retirees receive best in class service and attention.

With a focus on member benefits and cost reduction, we were able able to achieve significant savings for the Plumbers & Steamfitters Local 486 fund. Our partnership will save the fund over $300,000 a year and will provide members with the support and assistance they need to enjoy their golden years.

Our Solution

Previous Annual Cost $2,518,263
Labor First Annual Cost $2,184,516
Annual Savings $333,747
$50 Savings per Member per month!
Member Advocates Helping Every Day