Fidelity Investments and Extend Health, a Towers Watson company, have struck a deal to enhance Fidelity's retirement guidance capabilities to include retiree health care.
Under the agreement, Fidelity and Extend Health will provide retiring participants, who are coming off company-sponsored health plan coverage, access to resources and support to get quality coverage at a price they can afford. The companies also will assist plan sponsors transitioning from employer-sponsored retiree medical insurance as they communicate changes and help retirees select a private insurance option that best suits retirees' unique needs.
Fidelity will begin offering the service to its plan sponsor clients in the third quarter of 2013.
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