Profile: Aetna Inc (AET.N)
13 Jan 2017
Aetna Inc., incorporated on December 20, 1982, is a diversified healthcare benefits company. The Company offers a range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, medical management capabilities, Medicaid healthcare management services, Medicare Advantage and Medicare supplement plans, workers' compensation administrative services and health information technology products and services, such as accountable care solutions (ACS). The Company operates through three segments: Health Care, Group Insurance and Large Case Pensions. The Company's customers include employer groups, individuals, college students, part-time and hourly workers, health plans, healthcare providers (providers), Governmental units, Government-sponsored plans, labor groups and expatriates.
The Company's Health Care segment's products and services consist of medical, pharmacy benefit management services, dental, behavioral health and vision plans offered on both an insured basis and an employer-funded, or administrative services contact, basis and emerging businesses products and services, such as ACS. Medical products include point-of-service (POS), preferred provider organization (PPO), health maintenance organization (HMO) and indemnity benefit (Indemnity) plans. Medical products also include health savings accounts (HSAs) and Aetna HealthFund, consumer-directed health plans that combine traditional POS or PPO and/or dental coverage, with an accumulating benefit account, which may be funded by the plan sponsor and/or the member in the case of HSAs. The Company also offers Medicare and Medicaid products and services, and other medical products. The segment's principal products and services cater to multi-site national, mid-sized and small employers. It also serves individual insureds, expatriates and, in certain markets, Medicare, Medicaid and Duals beneficiaries and providers. The Company's primary Commercial healthcare products are POS, PPO, HMO, HSA and Indemnity plans. In addition to these primary commercial healthcare products, in select geographies, the Company also offers Medicare Advantage plans, Medicare Supplement plans and prescription drug coverage for Medicare beneficiaries and participates in Medicaid and subsidized children's health insurance programs (CHIP).
The Company's Group Insurance segment's products consist of Life Insurance Products, Disability Insurance Products and Long-Term Care Insurance Products. Life Insurance Products consist of group term life insurance, the amounts of, which may be fixed or linked to individual employee wage levels. The Company also offers voluntary spouse and dependent term life insurance, and group universal life and accidental death and dismemberment insurance. It offers life insurance products on an Insured basis. Its Disability Insurance Products provide employee income replacement benefits for both short-term and long-term disability (and products, which combine both). The Company also offers disability products with additional case management features. Similar to Health Care products, it offers disability benefits on both an Insured and employer-funded basis. It also provides absence management services to employers, including short-term and long-term disability administration and leave management. Long-Term Care Insurance Products provide benefits to cover the cost of care in private home settings, adult day care, assisted living or nursing facilities.
Large Case Pensions
The Company's Large Case Pensions segment manages a range of retirement products, (including pension and annuity products) primarily for tax-qualified pension plans. Large Case Pensions products that use separate accounts provide contract holders with a vehicle for investments under which the contract holders primarily assume the investment risk.
151 Farmington Ave
HARTFORD CT 06156-0001