Hewitt Associates, a global human resources consulting and outsourcing company, today announced it has acquired Senior Educators Ltd. (“Senior Educators”), a trusted, Web-based retiree medical insurance exchange that provides unbiased assistance to Medicare recipients seeking high-quality, affordable supplemental insurance products.
“Senior Educators already has made a positive impact on the lives of tens of thousands of retirees. Hewitt’s existing employer relationships will allow us to bring our solution to large companies that want to provide the best possible support for their retirees”
Many retirees face a dizzying array of retiree medical alternatives and often have trouble navigating the options to find a cost-effective plan that best meets their needs. Senior Educators provides retirees with independent advice on selecting quality, private Medicare insurance to supplement their basic coverage, tailored for their individual health care situation.
“The retiree health insurance market represents an attractive growth opportunity for Hewitt as more employers discontinue retiree medical coverage or look for ways to provide retirees with cost-effective alternatives,” said Russ Fradin, Hewitt’s chairman and chief executive officer. “The acquisition of Senior Educators also allows us to provide our clients with an effective, high-quality option to address their post-65 retiree medical commitments and a framework on which to build solutions for the broader retiree population.”
Founded in 2005, Senior Educators is licensed to market insurance in 50 states and in the District of Columbia. The company has helped more than 100,000 Medicare recipients find the right coverage. Users of Senior Educators’ services can compare and select insurance plans using a do-it-yourself option through the company’s interactive Web site or choose to speak live with a highly trained, licensed representative.