CHARLOTTE, N.C.--(BUSINESS WIRE)--AmWINS Group Benefits, a leading wholesale distributor of employee benefits and professional services, has been selected by The Segal Group to provide a solution for clients seeking a private Medicare exchange platform through AmWINS Group Benefits’ Retiree Benefit ChoiceTM.
According to Edward A. Kaplan, Senior Vice President and Segal Group’s National Health Practice Leader, “The retiree health plan market is undergoing substantial change and in order to keep pace with this rapidly changing environment, we are adding solutions for our clients. This initiative expedites the vetting process for those clients preferring to implement a retiree health exchange with private exchange vendors that meet several important requirements in the areas of experience, service and stability.”
AmWINS Group Benefits’ Retiree Benefit Choice combines the advantages of benefit continuity and pricing stability for retirees while freeing plan sponsors from regulatory requirements and administrative burdens. With Retiree Benefit Choice, individuals are given the freedom to choose a group-specific customized plan, including custom prescription drug plans with full coverage through the donut hole, or shop the Medicare Exchange for additional options. Retiree Benefit Choice is the only Medicare Exchange program that offers group plan options along with individual choice, leading to a simplified selection process for retirees, which allows for a smooth transition that assists in maintaining retiree satisfaction.
“We are honored to be recognized by The Segal Group for our achievements in retiree healthcare,” said Sam Fleet, president of AmWINS Group Benefits. “Retiree Benefit Choice is a unique solution in the Medicare Exchange arena that allows employers and other plan sponsors to control costs while still protecting their former employees or members who have dedicated years of service to the organization.”
About AmWINS Group Benefits
AmWINS Group Benefits, a division of AmWINS Group, Inc., is a leading wholesale broker of comprehensive group insurance programs and administrative services. Working with benefit brokers and consultants, AmWINS Group Benefits designs, distributes and administers customized health benefit products and services for retired and active populations in private and public organizations.
AmWINS Group, Inc. is a leading specialty distributor of insurance products and services with expertise across a diversified mix of property, casualty and group benefits products. With over 3,200 employees located in 17 countries, AmWINS handles over $9 billion in premium annually through four divisions: Brokerage, Underwriting, Group Benefits and International.
About The Segal Group
The Segal Group (www.segalgroup.net) is a leading benefit and HR consulting firm. The Segal Group is an independent organization, headquartered in New York, with nearly 1,000 employees throughout the U.S. and Canada. It is the parent of Segal Consulting , Sibson Consulting , Segal Select Insurance Services, Inc. and Segal Rogerscasey . In 2014, The Segal Group is celebrating the 75th anniversary of its founding by Martin E. Segal (http://www.segalco.com/about-us/#anniversary).
Segal Consulting (www.segalco.com) , a member of The Segal Group, is a leading, independent firm of benefit, compensation and human resource consultants. In 2014, The Segal Group is celebrating the 75th anniversary of its founding by Martin E. Segal (http://www.segalco.com/about-us/#anniversary). Segal Consulting is headquartered in New York, and has nearly 1,000 employees throughout the U.S. and in Canada. Clients include corporations, nonprofit organizations, professional service firms, state and local governments, and joint boards of trustees administering pension and health and welfare plans under the Taft-Hartley Act.