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This profile was last updated on 11/14/2016 and contains contributions from the  Zoominfo Community.

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Wrong John Grosso?

John V. Grosso

Consulting Actuary

Aon plc

HQ Phone:  (312) 381-1000

Direct Phone: (203) ***-****direct phone

Email: j***@***.com

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Aon plc

4 Overlook Point

Lincolnshire, Illinois,60069

United States

Company Description

About Aon Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Our more than 72,000 colleagues worldwide empower results for clients in over 120 count...more

Find other employees at this company (30,430)

Background Information

Employment History

Consulting Actuary

Hewitt Associates LLC


Actuarial Analyst

Metropolitan Life Insurance Company


Affiliations

Society of Actuaries

Fellow


American Academy of Actuaries

Member


Education

B.S.

mathematics

Fairfield University


Web References(45 Total References)


Geldin Insurance | Smart Brief | Medicare Health Insurance Exchanges

www.geldin.com [cached]

MarketWatch says Aon Hewitt surveyed "550 companies covering almost 4 million retirees...The economics of providing traditional employer-sponsored retiree health coverage are changing, and employers are seeking the most cost-effective and tax-efficient delivery models,' said John Grosso, a senior vice president in Aon Hewitt's Health & Benefits practice. 'Retiree exchanges provide access to these individual market efficiencies, along with a wider choice of health plans than exists in the traditional employer-provided retiree health plan.


NACUBO Annual Meeting:

www.nacuboannualmeeting.org [cached]

John V Grosso , FSA, MAAA
Senior Vice President, Health & Benefits Consulting Practice, Aon Hewitt , Norwalk, Connecticut John Grosso, FSA, MAAA , is a Senior Vice President, health care consultant, and actuary in the Health and Benefits practice at Aon Hewitt. He has 21 years of experience in the health care consulting industry with an additional 3 years of experience with a major U.S. insurer. He specializes in retiree health care design and strategy consulting for large, multi-site employers and has significant experience with post retirement welfare benefits plan valuations. John leads the national Retiree Health Care Sub-Practice, which is a team of actuaries and subject matter experts focused on retiree health care market tracking, product innovation & client consulting. He is one of Aon Hewitt's national subject matter experts on the retiree health care strategy, design, and accounting implications of federal health care reform. He has led many consulting projects for large complex clients interested in exploring both group-based and individual market-based health care strategies for current and future Pre-Medicare and Medicare-eligible retirees. John has been quoted in a number of publications on the subject of the Affordable Care Act and its impact on retiree health care design and strategy. He speaks at industry and client conferences at venues across the country and was interviewed on CNBC concerning the implications of the Act on the retiree health care market. John also leads active and retiree health care design and strategy consulting projects with a particular focus on actuarial analysis including pricing, budgeting, forecasting, and reserving. Some of his recent clients include Moody's Corporation, Norfolk Southern, Siemens Corporation, The Dun & Bradstreet Corporation, United Technologies Corporation & Verizon Communications Inc. John is a Fellow of the Society of Actuaries (FSA) with a concentration in group health benefits, a Member of the American Academy of Actuaries (MAAA), and has a B.S. in mathematics from Fairfield University.


Is a health savings account an IRA in disguise?

hietex.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, "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.


Consumer News

hietex.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.


www.benefitnews.com

John Grosso, Aon Hewitt's senior vice president says he doesn't want people to view employers as dropping retirement healthcare coverage, but rather employers finding a more efficient way to deliver the promised benefits.
"It's a transition, moving away from traditional group based planned sponsorship to sourcing coverage, asking retirees to secure coverage in the individual market with support from an exchange," Grosso says. Grosso says these exchanges come at a lower cost to employers and manages to break even for the retirees; however Grosso says employers tend to share the cost with the retiree in order to maintain a good working relationship. One of the major differences between the traditional group retiree healthcare coverage provided by an employer and individual coverage assisted by an exchange is the chance for the retiree to have a plan that fits the need of that specific individual, rather than a one-size-fits-all plan. Grosso says the exchanges are acting as the broker when it comes to transitioning retirees from their original employer provided plan to an individual plan. "It is imperative that the exchanges provide licensed, credentialed benefit advisers to help retirees identify, evaluate and enroll in the coverages that best fit their needs potentially every year," Grosso says. "Those brokers are a critical part of this transition in order to get retirees the high level of customer service they need to make informed decisions." Quote ""It is imperative that the exchanges provide licensed, credentialed benefit advisers to help retirees identify, evaluate and enroll in the coverages that best fit their needs potentially every year." When it comes to the feedback from the retirees when transitioning, Grosso says the responses tend to be mixed between those who are just now going through the exchange as opposed to those who have already gone through the process. "Any kind of change in healthcare benefits to a group of senior citizens is going to bring about concern," Grosso says. "Typically we see an emotional reaction initially, but once retirees start to understand the value they can achieve in an individual market, many of them say, 'Hey this looks like this is going to be a better deal for me than it was in the group space.'" There is no required time frame for employers to inform their retirees as to when they may switch their retirees over to an individual program; however the average employer has typically been giving their retirees six months to a year notice as to when their plans will be changed. "This time allows the retirees a chance to prepare for the change," Grosso says.


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