NEW YORK--(BUSINESS WIRE)--Responding to the lack of affordable insurance coverage and financial guidance for retired employees, Buck Consultants at Xerox, today announced that its RetireeZone™ Web portal gives employers the ability to offer voluntary coverage to retirees, without increasing company payroll and benefits costs.
“Retirees need to replace coverage they had as active employees, but often have budget issues as they plan their retirement lifestyle,” said Jim Gallic, a principal with Buck Consultants at Xerox. “Employers usually don’t have the time, knowledge or ability to address these needs. RetireeZone offers a strategy to deal with these pressing concerns.”
RetireeZone gives employers a welcome strategy to provide retirees with access to voluntary benefits – such as life, dental, vision, travel, and legal insurance – without adding any administrative or financial burdens.
RetireeZone gives retirees the ability to individually compare coverage options side by side, purchase insurance coverage at their discretion at preferred rates, read current news of interest to retirees, and view topical videos. Insurance coverage for dental, vision, auto/home, legal, identity theft, life and pet insurance is offered by more than 50 outside providers.
“RetireeZone continues our commitment to innovative solutions,” said Gallic. “Employers want to provide more for retirees who have contributed so much to their organizations, but they are often constrained by costs and resources. These challenges are only going to increase over the next ten years as Baby Boomers retire.”
Voluntary benefits is the first key component of RetireeZone, with plans to add wealth, lifestyle, and administration capabilities that will ultimately provide retirees with a full complement of services designed to help them easily learn, make decisions, and obtain important services throughout retirement.
RetireeZone joins the growing Retirement Readiness suite of solutions that has been developed by Buck. Other solutions include Savings InSight™ and SavIncent™. Savings InSight provides an automated retirement savings plan for DC plan participants. SavIncent assists plan sponsors in incentivizing their workforce to create a sound financial future.
For more information about the program, visit www.retireezone.com.
The provision of the website should not be construed as advice by Buck or its corporate affiliates. All insurance policies are underwritten and issued by various third party insurance companies, for which Buck Consultants, LLC (registered in certain states as Buck Insurance Services, LLC), a licensed insurance agency, would act as an appointed producer, subject to applicable terms. All financial advisory services, as noted, are provided by outside financial services companies. Neither Buck nor its clients provide any direction or implied endorsement of any specific advice or advisor, benefit or plan but rather access to various options at the retiree’s sole discretion.
About Xerox
Buck Consultants at Xerox offers strategic advice and innovative technology to help businesses effectively manage their HR programs while engaging employees in their health, wealth, and careers. By integrating our HR consulting know-how with the core Human Resources Services of Xerox, we offer a full portfolio of customized HR solutions to help organizations save money, improve HR compliance, and achieve their business goals. Learn more at www.xerox.com/hrconsulting.
Xerox is a global business services, technology and document management company helping organizations transform the way they manage their business processes and information. Headquartered in Norwalk, Conn., we have more than 140,000 Xerox employees and do business in more than 180 countries. Together, we provide business process services, printing equipment, hardware and software technology for managing information -- from data to documents. Learn more at www.xerox.com.
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Xerox® and Xerox and Design®, RetireeZone™, Savings InSight™, and SavIncent™are trademarks of Xerox in the United States and/or other countries.
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