Lockton and SelectQuote to Provide Retiree Insurance Exchange

Clients' retirees will benefit from a comprehensive solution

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May 28, 2013, 02:42 ET

KANSAS CITY, Mo., May 28, 2013 /PRNewswire/ -- Today Lockton Companies announced its employee benefits division, Lockton Benefit Group, has partnered with SelectQuote Benefit Solutions to deliver to its clients a private insurance exchange for retiree medical benefits called Lockton Select Marketplace.

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"With SelectQuote, we have a partner in the retiree exchange business that brings a comprehensive solution to our clients. 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," said J. Michael Brewer, President of Lockton Benefit Group.

Lockton will offer the private health insurance exchange to its employer clients for the benefit of their retirees. These retirees, age 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. Through this private insurance exchange, retirees will find the most cost effective plan that makes sense for their lifestyle and retirement vision.

"We are honored that an organization like Lockton has chosen to partner with SelectQuote," said SelectQuote Benefit Solutions President, David Embry. "I'm confident this partnership will be a great solution for their clients' retirees. 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."

About Lockton
More than 4,450 professionals at Lockton provide more than 15,000 clients around the world with insurance, benefits, and risk management services that improve our clients' businesses. From its founding in 1966 in Kansas City, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held insurance broker in the world and 9th largest overall. Independent researcher Greenwich Associates has awarded Lockton its Service Excellence Award for risk management for large companies. For four consecutive years, Business Insurance has recognized Lockton as a "Best Place to Work in Insurance." To see the latest insights from Lockton's experts, check the Lockton Health Reform and Compliance Services Blog.

About SelectQuote Benefit Solutions: SelectQuote, founded in 1985, today operates exchanges providing alternatives for Medicare, term life insurance and auto and home coverage with more than 800,000 active customers nationwide. Working with employers, SelectQuote Benefit Solutions offers its Medicare exchange, SelectQuote Senior, to help companies reduce administrative costs, educate retirees and transition them to Medicare options.

For more information visit selectquotebenefitsolutions.com or connect via Facebook, Twitter or Linkedin.

SOURCE Lockton