MagnaCare

MagnaCare was proud to participate in the Building & Construction Trades Council of Greater New York Conference. Our President, Michelle Zettergren, joined industry leaders to discuss how Labor Funds can address rising healthcare costs while improving member outcomes. The discussion focused on an alternative health plan model designed to realign incentives, improve transparency, and prioritize high-value care. By incorporating strategies such as dynamic copays, Funds can take a more strategic approach to benefits, helping control costs while improving health outcomes and creating better care experiences for members. Thank you to the Building & Construction Trades Council for the opportunity to connect and share ideas on building more sustainable healthcare solutions!

Wishing you and your loved ones a happy and healthy Thanksgiving!

Congratulations to Chris Erikson, Business Manager of LOCAL UNION NO. 3, IBEW, AFL-CIO, on his retirement. Accepted into Local 3's Electrical Apprenticeship Program in 1975 and elected as Business Manager in 2006, he has demonstrated an unwavering dedication to keeping the union strong. Chris is committed to serving the members of Local 3 and has spent his career advocating for improved health benefits.

We were grateful to be able to attend last night's Irish Echo Labor Awards event, honoring Thomas Cleary, president of LOCAL UNION NO. 3, IBEW, AFL-CIO. A well-deserved honor! 

This summer, city of Newark employees will have access to a new Reference-Based Pricing (RBP) health plan - with the primary network provided by MagnaCare. This plan is designed to save money for both the city and its employees without disrupting access to providers. Key benefits to this new RBP plan:  *$5 copays for primary care and specialist visits *90% of employees' providers already in-network through MagnaCare *Open-access plan means employees can continue to see preferred providers, whether they're in or out of network Click below to read the full article. https://lnkd.in/eRWkSwxb

"An aging US workforce, accelerated in part by the COVID-19 labor shock, is likely to exacerbate worker supply issues over the next decade," an article from S&P Global states. In a recent survey we conducted through our LaborStrong.Live initiative, referenced in this article, findings show that 56% of younger workers aged 18-28 consider if a job is union when evaluating a potential job. Younger workers are also more interested in values like work-life balance and hybrid work flexibility than older generations. Click below to read the full article about COVID's impact on an aging workforce and what work values younger generations prioritize. https://lnkd.in/e5Ukge_Q