|[April 02, 2014]
The Segal Group Expands Retiree Health Services
NEW YORK --(Business Wire)--
Joseph A. LoCicero, President & CEO of The
Segal Group has announced an expansion of retiree health services
for those organizations seeking a private health care exchange platform
for Medicare eligible retirees.
Through a process of pre-screening existing retiree health exchanges and
establishing new minimum vendor requirements Segal has pre-qualified
three private exchange vendors that have agreed to meet certain minimum
requirements. These include at least three years of operational
experience, using only U.S.-based employees to service clients' accounts
and agreement with minimum performance standards.
For the active employee market, Segal has no pre-vetted arrangements
with any private exchange service providers.
Mr. LoCicero said, "Segal's role as independent advisors will continue.
We have established non-exclusive relationships with these vendors and
they have agreed to meet our minimum requirements. This initiative
represents a step in the evolution of retiree health care consulting as
we continue to tailor employer-sponsored health plan solutions to the
needs of the plan sponsors and their retirees."
According to Edward A. Kaplan, SVP and 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. Customized solutions will still be the
preferred approach for many large group retiree health plan sponsors and
we are prepared to serve clients that prefer this route. Others are
beginning to explore the feasibility of moving to a retiree health
exchange concept. We took this step to help expedite the vetting process
for those clients preferring to implement a retiree health exchange with
uniform standards in the areas of service and stability."
For more information or to speak with Mr. Kaplan, please contact Mary L.
Segal Group (www.segalgroup.net)
is a leading benefits and HR consulting firm. 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
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).
a member of The Segal Group, is a leading, independent firm of benefit,
compensation and human resources 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 is headquartered in New York and has nearly 1,000 employees
throughout the U.S. and in Canada. Clients include corporations,
non-profit 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.
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