ment has one line of business named Extend Health. Extend Health The company’s core solution, ExtendRetiree, enables its employer clients to transition their retirees to individual, defined contribution health plans that provide individuals with a tax-free allowance or ‘contribution’ to spend on their healthcare at an annual cost that the employer controls as opposed to group-based, defined benefit health plans that provide groups of individuals with healthcare benefits at an uncertain annual cost. The company has provided an alternative to traditional group Medicare health plans for private and public sector clients, including Fortune 500 companies. It has helped various retirees and their dependents navigate the individual retiree medical insurance market; and evaluate and choose a health plan using its proprietary exchange platform and decision support tools. In addition, this line of business is developing and expanding its solutions to address the pre-65 retiree, or early retiree, and is working on active employee exchange opportunities for its existing and prospective clients. This line of business provides solutions through a proprietary technology platform, which integrates patented call routing technology, Medicare quoting and enrollment engine, custom-developed CRM system, and insurance carrier connectivity. Extend Health’s solutions are as follows: Analyzing and optimizing employer healthcare benefit subsidies, and developing healthcare coverage strategies so that the company’s clients could predict their future healthcare liabilities and realize significant cost savings by transitioning their retirees to defined contribution plans. Managing an exchange of approximately 75 national and regional insurance carriers offering various health plans. Simplifying the complexities of Medicare by helping individuals navigate through a meaningful choice of health plans using the company’s proprietary software to analyze employer subsidies, health plan details, and individuals’ doctor, hospital, and prescription drug needs. Offering enrollment services that match an individual’s health status and financial resources to a specific plan while giving unbiased guidance about these expanded healthcare options. Providing lifelong advocacy and support services for all enrollees as they engage with insurance carriers beginning with their initial enrollment and continuing as their healthcare needs evolve. Clients The company’s target market is multi-national and domestic companies. Its clients include major corporations, including the Fortune Global 500 companies, the Fortune 1000, the FTSE 100, and the Dax 30. The company works with major corporations, emerging growth companies, governmental agencies, and not-for-profit institutions in various industries. Competition The company’s principal competitors in the global human resources consulting industry include Mercer HR Consulting (a Marsh & McLennan company) and Aon Hewitt Consulting (an Aon company). Its major competitors in the insurance consulting and solutions industry include Milliman, Inc. and Oliver Wyman (a Marsh & McLennan company). In the reinsurance brokerage industry, its major competitors include Aon Benfield (an Aon company); Guy Carpenter (a Marsh & McLennan company); and Willis. Significant Events In June 2013, Towers Watson & Co. and Jiff Inc. announced the formation of a strategic alliance to provide employers with a new digital health solution to measure and improve health outcomes while empowering employees and their family members to make better lifestyle choices. History Towers Watson & Co. was founded in 1946.