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2016-04-18T00:00:00.000Z

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Mr. John Grosso V.

Retiree Consulting Practice

Aon plc

Direct Phone: (203) ***-****       

Email: j***@***.com

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Aon Hewitt

Aon plc

4 Overlook Point, 40B-1S-1

Lincolnshire, Illinois 60069

United States

Company Description

Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 66,000 colleagues worldwide, Aon unites to empower results for clients ... more

Find other employees at this company (22,816)

Background Information

Employment History

Principal and Actuary In Health Management Consulting Practice

Hewitt Associates LLC

Actuarial Analyst

Metropolitan Life Insurance Company

Web References (96 Total References)


Typically, plan sponsors provide their ...

www.insurancejournal.com [cached]

Typically, plan sponsors provide their Medicare-eligible workers between six months to one year of advance notice of these changes, according to John Grosso, a senior vice president at Aon Hewitt who leads the firm's retiree consulting practice.

...
Grosso said the Affordable Care Act has been a major driver of the shift to exchanges. The law improved the Medicare Part D prescription drug benefit by phasing out the gap in coverage known as the "doughnut hole" and by introducing reforms in the Medicare Advantage plans.
Also driving the shift, he said, is the flood of baby boomers entering retirement.
...
But Grosso acknowledged there is potential longer-term risk to retirees, depending on how the subsidy is designed. "The question is whether the sponsor grows the benefit or keeps it flat" as healthcare costs and premiums rise over time.
Indeed, Aon data shows that. Fifty-nine percent of companies sending retirees into exchanges do not index the subsidy; 28 percent index at their own discretion and 13 percent automatically adjust the subsidy amount annually. Companies that do index the benefit grow it anywhere from 3 to 5 percent annually, Grosso said.
The complex task of shopping for insurance in an exchange is another hurdle. Grosso said 95 percent of retirees using exchanges take advantage of benefit advisors who help guide their plan selections. "It's really a key issue for them to understand the market," he said.
...
Topics:Aon Hewitt, baby boomers retiring, doughnut hole, Employee Retirement Income Security Act (ERISA), GE retirees lawsuit, health exchanges, John Grosso, Kaiser Family Foundation, Medicare coverage on exchanges, Medicare Part D prescription drug benefit, Research and Trends, retiree health benefits, retirement benefits Have a hot lead? Email us at newsdesk@insurancejournal.com Get Insurance Journal Every Day Subscribe


Medicare eligibility is generally age 65, ...

www.bankrate.com [cached]

Medicare eligibility is generally age 65, "but it can also happen when someone qualifies for Medicare through being on Social Security disability," says John Grosso, consulting actuary at Aon Hewitt.

...
By taking withdrawals from an IRA or 401(k) and putting that money directly into an HSA, people can nearly wash out the taxation on those dollars, according to Grosso.


Medicare eligibility is generally age 65, ...

www.bankrate.com [cached]

Medicare eligibility is generally age 65, "but it can also happen when someone qualifies for Medicare through being on Social Security disability," says John Grosso, consulting actuary at Aon Hewitt.

...
By taking withdrawals from an IRA or 401(k) and putting that money directly into an HSA, people can nearly wash out the taxation on those dollars, according to Grosso.


Medicare eligibility is generally age 65, ...

www.bankrate.com [cached]

Medicare eligibility is generally age 65, "but it can also happen when someone qualifies for Medicare through being on Social Security disability," says John Grosso, consulting actuary at Aon Hewitt.

...
By taking withdrawals from an IRA or 401(k) and putting that money directly into an HSA, people can nearly wash out the taxation on those dollars, according to Grosso.


Medicare eligibility is generally age 65, ...

www.bankrate.com [cached]

Medicare eligibility is generally age 65, "but it can also happen when someone qualifies for Medicare through being on Social Security disability," says John Grosso, consulting actuary at Aon Hewitt.

...
By taking withdrawals from an IRA or 401(k) and putting that money directly into an HSA, people can nearly wash out the taxation on those dollars, according to Grosso.

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