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NEWS - Fidelity and Extend Health Partner to Help Retiring Employees Transition to Private Health Coverage

February 5, 2013 – Boston – Fidelity Investments® and Extend Health, a Towers Watson company, today announced a strategic agreement to enhance Fidelity’s retirement guidance capabilities to include retiree health care.

This agreement will simplify the transition process for millions of retiring Americans as they shift from employer-sponsored medical coverage to the individual Medicare market for health insurance.

Under the agreement, Fidelity and Extend Health, the nation’s leading private Medicare exchange, 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. Together the two companies will also 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 during the third quarter, in time for this year’s benefits enrollment season, which typically begins in the fall.

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