Fidelity Investments and Extend Health, a Towers Watson company, formed an agreement to enhance Fidelity’s retirement guidance capabilities to include retiree health care. This agreement will simplify the transition process for millions of retiring Americans as they shift from employer-sponsored medical coverage to the individual Medicare market for health insurance.
Under the agreement, Fidelity and Extend Health, a private Medicare exchange, will provide retiring participants who are coming off company-sponsored health plan coverage access to resources and support to get coverage at a price they can afford.
Together the two companies will also assist plan sponsors transitioning from employer-sponsored retiree medical insurance as they communicate changes and help retirees select a private insurance option that best suits retirees’ unique needs. Fidelity will begin offering the service to its plan sponsor clients during the third quarter, in time for this year’s benefits enrollment season, which typically begins in the fall.
Fidelity is also expanding its capabilities to offer plan sponsors retiree medical account (RMA) support, including recordkeeping and reimbursement services, retiree workshops and meetings, and strategic communications expertise.
ExecRank selected Mark Supic, executive vice president, Corporate Communications at Primerica (NYSE:PRI), as a Top Communications Executive for 2012.
The rankings are the result of two years of research and feedback from evaluation committees and top chief communications officers that yielded an algorithm for how to rank communications executives based on their performance in 24 key areas.
For the complete rankings, please visit www.ExecRank.com.
Midland National Life Insurance Company introduced MNL IncomeVantage, an annuity product solution focused on retirement income.
The IncomeVantage is the first fixed index annuity from Midland National that offers a stacking roll up feature. Along with the potential growth of stock-market linked index accounts, this fixed indexed annuity has a built-in Guaranteed Lifetime Withdrawal Benefit (GLWB) feature which provides multiple growth opportunities through a combination of GLWB Bonus on premiums, a GLWB Stacking Roll-Up Credit, plus Interest Credits. This combination is designed to grow the GLWB value over the years to maximize the lifetime income payments available to clients.
CBIZ Special Risk Services Inc., a division of CBIZ Inc. (NYSE: CBZ), has rebranded as CBIZ Life Insurance Solutions Inc., a full-service brokerage general agency.