AETNA

Aetna Insurance Company

Lines of Insurance:
Health, Long Term Care, Life, Disability

States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, VI, WA, WV, WI, WY

Type of Insurance Company: Stock

Insurance subsidiaries:
ActiveHealth Management
Strategic Resource Company
The Chickering GroupSM

Company Overview:

Company History: Aetna is a diversified health care company, providing the resources to help members make informed healthcare decisions. Aetna products include medical, pharmacy, dental, behavioral health, group life, long-term care and disability plans and medical management capabilities.

Founded in 1850, Aetna, Inc. is one of the largest health insurance companies in the USA. AETNA provides health insurance products and health-related services that include medical, pharmacy, dental, behavioral health, group life, disability and long term care and more. Aetna, Inc., a publicly traded holding company, conducts insurance operations through their more than 35 subsidiaries. The company serves primarily employer groups, individuals, college students, and part-time and hourly workers and Medicare beneficiaries in certain markets. It has over 26,000 employees.

Aetna has 3 business segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment consists of the medical, pharmacy benefits management, dental and vision plan offerings. Aetna’s medical plan offerings include point-of-service, health maintenance organizations, preferred provider organizations, indemnity plans, and health savings accounts. The Health Care segment also provides specialty products such as medical management and data analysis services, behavioral health plans, stop loss insurance, as well as products that provide access to its provider networks in select markets. The health plans have 15.4 million medical members, 13.5 million dental members, 10.2 million pharmacy members. Aetna’s Group Insurance segment offers life, disability, and long term care insurance products. The Group Insurance segment has 15.1 million members (one-third in risk plans, and two-thirds in non-risk plans). The Large Case Pension segment manages various retirement products, including pension and annuity products primarily for tax qualified pension and annuity products primarily for tax qualified pension plans. Aetna does not actively market Large Case Pensions products, but continues to manage the run-off of existing business.

The company has one of the most expansive nationwide networks of health care service providers, including primary care, specialist physicians and hospitals among health care insurance carriers. Aetna provides health insurance and related benefits to employer and plan sponsor customers in most states, ranging from large multi-state national accounts to middle-market and small-employer groups, as well as individual consumers in select geographical areas.

Health Care products are sold through Aetna’s sales personnel, as well as through independent brokers, agents and consultants who assist in the production and servicing of business. For large plan sponsors, independent consultants and brokers are frequently involved in employer health plan selection decisions and sales.

Principal Methods: Career agents, independent agents, group.

Health Care products are sold through Aetna’s sales personnel, as well as through independent brokers, agents and consultants who assist in the production and servicing of business. For large plan sponsors, independent consultants and brokers are frequently involved in employer health plan selection decisions and sales.

Health Business: Aetna benefits are delivered through employers nationwide, with products and services tailored to small, mid-sized and large multi-site national firms.

Aetna also insures individuals and Medicare beneficiaries in certain markets.

Aetna has 3 business segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment consists of the medical, pharmacy benefits management, dental and vision plan offerings. Aetna’s medical plan offerings include point-of-service, health maintenance organizations, preferred provider organizations, indemnity plans, and health savings accounts. The Health Care segment also provides specialty products such as medical management and data analysis services, behavioral health plans, stop loss insurance, as well as products that provide access to its provider networks in select markets. The health plans have 15.4 million medical members, 13.5 million dental members, 10.2 million pharmacy members. Aetna’s Group Insurance segment offers life, disability, and long term care insurance products.

Company Rating:
Best Insurance Reports: A
Best Rating: Stable.

Company Financial Status:
Ticker Symbol: AET

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