This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Mercer Will Offer Clients Access To New Connextions Multicarrier Insurance Exchange To Help Them Manage Retiree Health Care Benefits

Stocks in this article: MMC

Mercer, a global consulting leader in talent, health, retirement and investments, along with Connextions, Inc., an innovative technology and business services partner to the health care industry, today launched myCustomHealth™, a new national Medicare retirement exchange to help employers minimize administrative burdens and cost, while offering retirees a broader choice of benefit options.

myCustomHealth TM relieves employers of the administrative burden associated with managing retiree insurance issues and annual plan review and renewal by providing a solution that integrates retiree medical insurance, including pharmacy, dental, vision and other benefit options, with wellness and other related services. The exchange features the industry’s only fully integrated Retiree Reimbursement Account, offered by Connextions’ parent company Optum, and the only default plan option, which will provide coverage for retirees who do not actively select a plan.

In addition, myCustomHealth TM delivers a positive enrollment experience for seniors through the largest call center of its kind that is staffed with “retiree-centric” advisers. Call center representatives serve customers continuously, from during their enrollment process to answering their questions throughout their coverage period to advocacy with their selected health insurance carrier when needed.

“US employers are struggling under the burden of ever-increasing retiree medical insurance costs. They’re looking for a mechanism that allows them to offer coverage in a way that carefully manages their financial obligations while offering retirees affordable options based on individual needs,” said Julio A. Portalatin, President and CEO of Mercer. “A market shift is taking place that employers need to explore.”

According to Mercer’s National Survey of Employer-Sponsored Health Plans, the prevalence of medical plans for Medicare-eligible retirees continues to decline. However, among very large employers, roughly one-third still provide coverage to retirees 65 and older.

“Some large employers want to continue providing medical and other benefits to their Medicare-eligible retirees, but prefer to provide the retiree with a choice of benefit options and give them a subsidy to help pay for individual insurance coverage. Providing benefits through an exchange helps an employer ease the transition for their retirees and guides them through the insurance selection process,” said Sharon Cunninghis, US leader of Mercer’s health and benefits business. “The Connextions exchange will empower retirees with more benefit choices and personal assistance in choosing their benefits, while allowing employers to better manage costs and future liabilities.”

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs