- Proven. Extend Health operates the nation’s largest private Medicare exchange, which has more than 250 employers, including 45 Fortune 500 companies. Extend Health has helped more than 500,000 retirees select from thousands of private Medicare plans from more than 80 national and regional insurance companies. Licensed benefit advisors, using state-of-the art decision support tools and service center routing systems, have logged more than three million phone calls helping retirees choose coverage that fits their needs.
- End to end. Services provided include end-to-end transition support from initial financial analysis for employers, to plan comparison, purchase and enrollment, and post-enrollment support and advocacy for individuals making coverage choices.
- Seamlessly integrated. Advanced analytics and reporting tools help employers with strategic decision making and health coverage management for all plan holders.
The OneExchange solutionsOneExchange solutions available now include ExtendRetiree, which provides transition assistance for Medicare-eligible retirees moving to an exchange. This solution reflects the established market regulations and health plan products that are available today. Also available now for ExtendRetiree is BenefitView, a management dashboard that gives employers real-time information about the progress of retirees as they evaluate and choose plans. Additional OneExchange solutions will be triggered by final regulations and ACA health plan product offerings, as well as Towers Watson’s continued efforts to drive innovation in the delivery of health care benefits. New solutions will:
- Connect challenging workforce segments such as pre-65 retirees and part-time, contract or seasonal workers to plans offered on public exchanges
- Provide financial analysis, modeling tools and consulting to help employers decide whether to use private or public exchange solutions — and, if so, how they will deliver value for various segments of their populations
- Enable employers to transition their full-time, active employees to exchanges offering individual health plans or group-based plans with features that engage participants in their health care decisions
- Extend the BenefitView management dashboard to integrate analytics and reporting for all exchange solutions across all populations
The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the risk that potential changes in federal and state health care regulations, or future interpretation of existing regulations, may have a material adverse impact on our business; the risk that our Extend Health business fails to maintain good relationships with insurance carriers, becomes dependent upon a limited number of insurance carriers or fails to develop new insurance carrier relationships; the risk that changes and developments in the health insurance system in the United States could harm our business; our ability to respond to rapid technological changes; and the risk that a significant or prolonged economic downturn could have a material adverse effect on Towers Watson's business, financial condition and results of operations. Additional risks and factors are identified under “Risk Factors” in Towers Watson’s most recent Annual Report on Form 10-K filed with the SEC.You should not rely upon forward-looking statements as predictions of future events because these statements are based on assumptions that may not come true and are speculative by their nature. Towers Watson does not undertake an obligation to update any of the forward-looking information included in this document, whether as a result of new information, future events, changed expectations or otherwise.