SPI plans private health care exchange

By Gayle S. Putrich
Staff Reporter

Published: February 14, 2014 1:21 pm ET
Updated: February 14, 2014 1:24 pm ET

Image By: SPI Carteaux

Related to this story

Topics Public Policy
Companies & Associations Bill Carteaux, Society of the Plastics Industry Inc.

ANAHEIM, CALIF. — The Society of the Plastics Industry Inc. is set to launch a private health care exchange for its members on March 1, the trade group announced Feb. 12 at the MD&M West trade show in Anaheim.

The private healthcare exchange and benefit management platform will be called SPI Healthlink and administered by Illinois-based insurance and risk management services firm Arthur J. Gallagher & Co.

The project has been in the works for more than a year, said SPI President and CEO William Carteaux. Steve Petrakis, a 35-year plastics industry veteran now with Conair, helped bring SPI and Gallagher together, leading the charge for a members-only benefit program through SPI for years, Carteaux said.

Accelerating costs, the changing legislative landscape and sweeping changes in the industry are finally converging to make the offering possible, he added.

"We've been getting asked for years to start a health care plan for the industry. It's never been possible in the past because of the state laws… If there's one bright spot to Obamacare ... it's the fact that we can finally create this," Carteaux said.

"It's a tremendous opportunity for businesses and people to get what they need and what they want in a cost-effective manner."

Gallagher is creating "a suite of solutions to meet the needs of SPI members, designed to be holistic," said Mark Orzechowski, senior vice president with Gallagher Benefit Services.

In addition to the private health care exchange platform, participating member businesses will have access to Gallagher's consulting services, including advice on how to tackle current and evolving health care and benefit issues, specific to issues facing plastic businesses.

"This is for businesses — small businesses, medium businesses, large businesses. We, working with SPI, have designed a very comprehensive set of solutions."


Comments

SPI plans private health care exchange

By Gayle S. Putrich
Staff Reporter

Published: February 14, 2014 1:21 pm ET
Updated: February 14, 2014 1:24 pm ET

Post Your Comments


Back to story


More stories

Image

Australian trade group battles non-compliant PVC pipe fittings

July 28, 2014 2:19 pm ET

An Australian plastics industry association is battling against imported, non-conforming PVC pipe fittings, but is stymied by a convoluted web of...    More

Image

Formosa to be compensated for Vietnam riot

July 28, 2014 1:44 pm ET

Taiwan's Formosa Plastics Group will receive $2.39 million from the Vietnamese government and insurance companies for damages suffered during the...    More

Investigation continuing into injury at Windsor mold maker

July 25, 2014 12:57 pm ET

Canadian authorities are investigating an incident in which a worker's foot got caught in a machine at Crest Mold Technology Inc. in Oldcastle,...    More

Image

Bioplastics maker wins government funding

July 25, 2014 12:13 pm ET

Canadian bioplastics maker Solegear Bioplastics Inc. has won $1.6 million in funding from the government-sponsored Western Innovation Initiative...    More

Image

Rail improvements also allow rotomolder to improve operations

July 24, 2014 3:10 pm ET

An infrastructure improvement grant from the U.S. Commerce Department is helping an Indiana plastics plant expand its product line and add jobs.    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events