Profile: Aetna Inc (AET.N)

AET.N on New York Stock Exchange

107.40USD
27 Mar 2015
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Aetna Inc., incorporated on December 20, 1982, is a diversified health care benefits companies, serving an estimated 46 million people with information and resources to help them in consultation with their health care professionals make better informed decisions about their health care. 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 health care 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). Its customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers (providers), governmental units, government-sponsored plans, labor groups and expatriates. The Company’s operations are conducted in three business segments: Health Care, Group Insurance and Large Case Pensions.

Health Care

Health Care consists of medical, pharmacy benefit management services, dental, behavioral health and vision plans offered on both an Insured basis and an employer-funded basis and products and services, such as Accountable Care Solutions (ACS), that complement and enhance its medical products. Medical products include point-of-service (POS), preferred provider organization (PPO), health maintenance organization (HMO) and indemnity benefit 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, subject to a deductible, 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, such as medical management and data analytics services, medical stop loss insurance, workers’ compensation administrative services and products that provide access to its provider network in select geographies.

Group Insurance

Group Insurance primarily includes group life insurance and group disability products. Group life insurance products are offered on an Insured basis, and include basic and supplemental group term life, group universal life, supplemental or voluntary programs and accidental death and dismemberment coverage. Group disability products consist primarily of short-term and long-term disability products (and products which combine both), which are offered to employers on both an Insured and an ASC basis, and absence management services offered to employers, which include short-term and long-term disability administration and leave management. Group Insurance also includes long-term care products that were offered primarily on an Insured basis, which provide benefits covering the cost of care in private home settings, adult day care, assisted living or nursing facilities.

Large Case Pensions

Large Case Pensions manages a variety of retirement products (including pension and annuity products) primarily for tax-qualified pension plans. These products provide a variety of funding and benefit payment distribution options and other services.

At September 30, 2014, the Company served approximately 23.6 million medical members (consisting of approximately 40% Insured members and 60% administrative services contract (ASC) members), 15.4 million dental members and 15.4 million pharmacy benefit management services members.

Company Address

Aetna Inc

151 Farmington Ave
HARTFORD   CT   06156-0001
P: +1860.2730123
F: +1860.9753110

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