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United Steelworkers

News From USW: Prescription Benefits Increase for Wheeling-Pitt Retirees, Spouses

Published in Biotech Law Weekly, July 6th, 2007

News From USW: The United Steelworkers (USW) announced a benefit increase for all Medicare eligible Wheeling-Pittsburgh Steel retirees who lost their health coverage when the company reorganized under Chapter 11 Bankruptcy Protection and have enrolled in the Wheeling-Pitt Voluntary Employees' Beneficiary Association's (VEBA) Advantra programs, effective July 1, 2007.

These improvements to the VEBA's prescription drug benefits will place a flat co-payment on drugs that previously had a percentage co-pay. Plan participants will now pay as little as $10 for preferred generic drugs and up to $50 for specialty drugs. The potential savings for plan participants will be...

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