Multiemployer
The
Maxon Company has been providing consulting and management services
to Multiemployer Plans since 1955 when group medical and pension benefits
were in their formative years. Maxon in those days kept plan data in
ledger books coding benefit information by hand for reporting at periodic
Trustee Meetings. Some of those ledger books can still be found on
display in our library.
Also in
those days all medical plans were scheduled. For instance for a doctor's
office visit the plan would pay $10.00; for an inpatient hospital stay
the plan would pay $100.00 per day. If a plan was rich there might
be a $25.00 corridor deductible and a $10,000.00 major medical benefit.
Believe it or not, we still manage some scheduled plans, though the
schedules and the major medical benefits are, of course, much richer.
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