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WINTER 2020

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Distributor's Link Magazine Winter 2020 / Vol 43 No1

68 THE DISTRIBUTOR’S

68 THE DISTRIBUTOR’S LINK INDUSTRIAL FASTENERS INSTITUTE 6363 Oak Tree Boulevard, Independence, OH 44131 TEL 216-241-1482 FAX 216-241-5901 EMAIL info@indfast.org WEB www.indfast.org IFI LAUNCHES NAM HEALTH CARE TO ADDRESS MEMBER HEALTH COVERAGE NEEDS The Industrial Fasteners Institute (IFI) will offer an association health plan to its members, extending affordable health care to small and medium-sized fastener manufacturing companies in approved states. Dan Walker, IFI Managing Director, says, “We are very excited to be collaborating with NAM, Mercer and UnitedHeathcare on this new IFI member program. This will be a game changer for small- to mid-sized fastener manufacturers that often struggle to afford benefits like these.” The plan, called NAM Health Care (www. namhealthcare.com), was developed to meet the unique health care needs of manufacturers. It will offer a portfolio of health benefits options insured by UnitedHealthcare. In states where these plans are available, businesses with 2 to 99 employees will be able to choose from a variety of PPO (Preferred Provider Organization) and HSA (Health Savings Account) health plans. Members will also have access to UnitedHealthcare’s Choice Plus care provider network of more than 1.3 million physicians and care professionals, 6,000 hospitals and other care facilities nationwide. Under NAM Health Care, eligible member companies also will have access to supplemental benefits including dental, vision and life. UnitedHealthcare will work with any licensed and appointed agents who want to sell NAM Health Care. Mercer will provide IFI and employer groups that elect Mercer as their agent of record with consulting services regarding health benefit offerings and contribution strategies, marketing support to sign up and enroll their employees, plan administration and compliance services. The Mercer Affinity 365+SM platform will also provide these members technology for obtaining quotes for employee benefits, facilitating enrollment and providing ongoing benefit administration to help drive cost efficiencies and employee engagement. Member employer groups may continue to work with their current agents and consultants to obtain quotes through the NAM Health Care offering. This program is exactly the type of thing our industry needs to stay competitive as we grow our younger workforce and face the retirement of a generation of talented workers,” says Manny DeSantis, IFI Chairman. “Heathcare benefits are a key decision point for young people considering a new job. This new program allows small- to medium-sized fastener manufacturers the ability to utilize the purchasing power of a much larger pool, keeping their costs competitive when looking for new talent and retaining the talent they already have.” IFI is quoting these plans for eligible member groups for a December 1, 2019, enrollment date. To request a quote for these plans, where available, interested businesses may visit IFI.namhealthcare.com. NAM Health Care is an industry-based Association Health Plan (AHP) that’s fully ACA-compliant, administered by Mercer and sponsored by The National Association of Manufacturers (NAM), of which the Industrial Fasteners Institute is an affiliate member. Medical, Dental, Vision and Life insurance are underwritten by UnitedHealthcare®. Plans are not available to member employers in all states. The Industrial Fasteners Institute is a trade association of the leading North American fastener manufacturers and suppliers of materials, machinery, equipment and engineered services. Founded in 1931, IFI members combine their resources to seek solutions that advance fastener application engineering and education for their members and the industry. Visit www.indfast.org to learn more about the many benefits of membership in the IFI. TECHNICAL ARTICLE INDUSTRIAL FASTENERS INSTITUTE

THE DISTRIBUTOR’S LINK 69

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