Special Metals LLC

• The filing says benefits are paid from the employer's general assets.
• Medical insurance bought from Kaiser Permanente is on file, covering about 17 people.
• Medical insurance is on file, but the plan also pays benefits from the employer's own money, so some options are likely self-funded.
• The insured options cover only about 1% of the 1,411 participants, so most people in this plan are in the self-funded part.

Double-check in 30 seconds: “Self-funded”, “administered by” or “ASO” on your card or plan summary means self-funded. “Insured by” or “underwritten by” means insured.

• This employer files 2 health plans for this group; we judged them together.

1. Special Metals Corporation Salaried Retirees Welfa · 490 people · Both kinds

   • The filing says benefits are paid from a trust the plan controls.
   • Medical insurance bought from Highmark is on file, covering about 487 people.
   • Medical insurance is on file, but the plan also pays benefits from the employer's own money, so some options are likely self-funded.
   • The self-funded part's claims are processed by Highmark, American Benefit (Schedule C).

2. Special Metals Corporation Iam Retirees Welfare Plan · 58 people · Both kinds

   • The filing says benefits are paid from a trust the plan controls.
   • Medical insurance bought from Blue Cross Blue Shield is on file, covering about 81 people.
   • Medical insurance is on file, but the plan also pays benefits from the employer's own money, so some options are likely self-funded.

Double-check in 30 seconds: “Self-funded”, “administered by” or “ASO” on your card or plan summary means self-funded. “Insured by” or “underwritten by” means insured.