Firms Offer Retiree Insurance Exchange

The exchange, known as Lockton Select Marketplace, will be offered to its employer clients for the benefit of their retirees. These retirees, ages 65 and older, and any disability Medicare recipients, will now have access to Medicare Supplement, Medicare Advantage and prescription drug plans through the Lockton Select Marketplace, powered by SelectQuote Senior.

“With SelectQuote, we have a partner in the retiree exchange business that brings a comprehensive solution to our clients,” said J. Michael Brewer, president of Lockton Benefit Group. “This allows us to offer state-of-the-art decision support tools, end-to-end communications and an array of carrier partners to our clients’ retirees.”

David Embry, president of SelectQuote Benefit Solutions, added, “Whether the participants are converting from a group plan or simply retiring, we will ensure that each retiree has the information he or she needs to make the right decision.”

Lockton offers insurance, benefits, and risk management services to more than 15,000 clients. SelectQuote operates exchanges providing alternatives for Medicare, term life insurance and auto and home coverage with more than 800,000 customers.