Health insurance vanishes for Steel Parts retirees

January 5, 2007
Health insurance was unexpectedly canceled Dec. 1 for about 100 retired workers of Steel Parts Corp. in Kokomo, complains Scott Sigler, vice president of Local 3875 of the United Steelworkers Union.

A union lawyer said the Cleveland turnaround firm that bought Steel Parts out of bankruptcy the same day, Resilience Capital Partners, canceled the policy. Resilience counters that it didn’t end the Anthem Blue Cross Blue Shield policy, according to the Kokomo Tribune.

Meanwhile, retirees are learning they can’t fill drug prescriptions, union representatives claim.

Steel Parts, whose 200 employers made it the second-largest employer in Tipton County, directly north of Hamilton County, supplies transmission components to Ford Motor Co.
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