Copper producer Asarco LLC and a category of about 1,000 retirees acquired preliminary federal court docket approval for a settlement permitting retirees to retain their health-care protection by way of June 2025.
The settlement permits Asarco retirees who aren’t but eligible for Medicare to maintain their group medical protection for the subsequent two-and-a-half years. Medicare-eligible retirees will obtain annual contributions of their well being reimbursement preparations and may take part in a catastrophic protection plan protecting sure out-of-pocket prescription drug bills.
Choose Susan R. Bolton of the US District Court docket for the District of Arizona signed the preliminary approval order Tuesday. She additionally scheduled an …
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