LTV Workers Set Up Insurance Plan

April 16, 2002 ( - A group of former LTV Steel Corporation employees have set up a company to offer health and other benefits to former workers and retirees of the bankrupt steel maker.

According to an announcement, The Retired Steelworkers Benefits Plan and Trust will offer health, dental, life, and critical illness coverage. American Financial Services Inc. will provide customer services for the LTV policies.

The company said an LTV person younger than 65 could be covered for $212 monthly and a family for as little as $489 monthly.

For post-65 Medicare eligible retirees, a plan filling in the Medicare gaps will be as low as $90 per month.

Participants can access their coverage information online .

The Pension Benefit Guaranty Corporation announced last month that it would pick up the steelmaker’s ailing pension plan – the largest pension takeover ever.