AETNA Insurance Review

AETNA Insurance

Company Summary:

Company Record: Aetna is a varied healthcare company, providing the resources to help customers make informed health care decisions. Aetna products include medical, pharmacy, dental care, behavioral health, group life, long-term good care and impairment strategies and medical management features.

Aetna, Inc. is one of the major medical health insurance companies in america. It provides medical health insurance products and related services, including medical, pharmacy, oral, behavioral health, group life, impairment and long-term treatment and medical management functions. Aetna provides benefits through business employers in every 50 states, with products and services targeted to small specifically, midsized and large multistate countrywide businesses. Aetna, Inc. is a publicly exchanged retaining company that conducts its insurance businesses via a fleet greater than 35 subsidiaries. Aetna traces its background to an organization (Aetna INSURANCE PROVIDER) founded in 1850. The real name was motivated by Mt. Etna, a volcano in Sicily that was active at that time. The name was designed to inspire respect for the business's strength. The keeping company framework was implemented in 1968. The existing name, Aetna, Inc. was implemented in 1996 when Aetna Life and Casualty Company merged with U.S. Healthcare. The company serves mostly employer groups, individuals, college or university students, and hourly and part-time personnel and Medicare beneficiaries in certain markets. It includes over 34,772 employees.

Aetna has 3 business sections: HEALTHCARE, Group Insurance, and Large Circumstance Pensions. The Health Care segment contains the medical, pharmacy benefits management, teeth and eye-sight plan offerings. Aetna's medical plan offerings include point-of-service, health maintenance organizations, preferred specialist organizations, indemnity programs, and health personal savings accounts. The ongoing healthcare section also provides niche products such as medical management and data research services, behavioral health ideas, stop damage insurance, as well as products offering usage of its provider sites in select market segments. Aetna's Group Insurance portion offers life, impairment, and long-term care and attention insurance products.THE TOP Case Pension portion manages various pension products, including pension and annuity products mostly for tax qualified annuity and pension products mostly for tax qualified pension plans. Aetna will not actively market Large Case Pensions products, but continues to control the run-off of existing business. 

The business has one of the very most expansive countrywide systems of healthcare service providers, including primary attention, specialist doctors and nursing homes among medical care insurance providers. Aetna provides medical health insurance and related advantages to plan and employer sponsor customers generally in most states, which range from large multi-state national accounts to middle-market and small-employer groups, as well as individual consumers in select geographical areas. 

Aetna is trying to increase its account by widening small group product offerings, conditioning its middle market businesses and mix advertising products and it includes a technique to increase its market occurrence using southwestern states. 

HEALTHCARE products can be purchased through Aetna's sales staff, as well as through impartial brokers, brokers and consultants who help out with the creation and servicing of business. For large plan sponsors, independent consultants and brokers are generally involved with employer health plan selection decisions and sales. 

With regards to the product, Aetna marketplaces to a variety of customers from small company organizations to large, multi-site and/or multi-state company programs. Group Insurance products and services are marketed to employers for the good thing about employees and their dependents primarily. Frequently, employers offer employees a selection of benefits, that the employee makes his / her selection throughout a designated twelve-monthly open enrollment period. Typically, businesses pay all the monthly prices to Aetna and, through payroll deductions, obtain reimbursement from employees for a share, as dependant on the company, of the every month top quality. Some Group Insurance products can be purchased right to employees of workplace groups where in fact the premiums aren't subsidized by the company group. In some full cases, Aetna charges the covered specific immediately. Group Insurance products can be purchased through Aetna's sales staff, as well as impartial consultants and brokerages who help out with the creation and servicing of business. Sales representatives also sell to employers on a primary basis. For large plan sponsors, independent consultants and brokers are generally involved with employer plan selection decisions and sales. 

During the last ten years, Aetna has bought health care types of procedures of other companies (for example Prudential Professional medical) and has divested its financial services and international businesses to focus on its center U.S. healthcare operations.

In 2012 Aetna was stated 4th in the "Civic 50" review, rendering it publicly known as you of America's most community-minded companies. In 2013 the business received Coventry HEALTHCARE, Inc and became the third-largest healthcare benefits company (predicated on membership) in america. 

Rule Sales Methods: Profession agents, independent providers, group.

HEALTHCARE products can be purchased through Aetna's sales employees, as well as through 3rd party brokers, brokers and consultants who help out with the creation and servicing of business. For large plan sponsors, self-employed consultants and agents are frequently involved with workplace health plan selection decisions and sales.

Life Annuity Business: Aetna offers during life, end of life, and after fatality insurance. 

Health Business: Aetna benefits are provided through employers countrywide, with products and services personalized to small, mid-sized and large multi-site nationwide organizations.

Aetna insures individuals and Medicare beneficiaries using marketplaces also. 

Aetna has 3 business sections: HEALTHCARE, Group Insurance, and Large Circumstance Pensions. MEDICAL Care segment contains the medical, pharmacy benefits management, dentistry and perspective plan offerings. Aetna's medical plan offerings include point-of-service, health maintenance organizations, preferred service provider organizations, indemnity ideas, and health personal savings accounts. MEDICAL Care section also provides area of expertise products such as medical management and data examination services, behavioral health ideas, stop reduction insurance, as well as products offering usage of its provider systems in select market segments. Medical programs have 15.4 million medical members, 13.5 million dental care customers, 10.2 million pharmacy people. Aetna's Group Insurance section offers life, impairment, and long-term good care insurance products. 

In 2008 through 2010 Bundle of money Magazine picked Aetna as the utmost respected company in medical Treatment "Insurance and Managed Health care" category.

Company Financial Status:

Ticker Symbol: AET

Assets & Premiums: Premiums: $39.66 billion

Total Revenue: $44.4 billion

Total Assets: $49.872 billion

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