Aetna Awarded a State of Arizona Health Care Contract.PHOENIX -- Aetna (NYSE NYSE See: New York Stock Exchange :AET) announced today that it was awarded a contract to provide health care benefits to Arizona's state employees. The contract becomes effective on October 1, 2009. "We are committed to providing high quality benefits to the approximately 140,000 eligible members for the State of Arizona," said Joanne Mizell, Aetna's Arizona market head for National Accounts in Arizona. "We look forward to the opportunity to provide excellent health care benefits, superior service and a broad range of tools that can maintain and improve the health and well being of the State's employees and their families." Aetna is offering state employees three benefit options: an Exclusive Provider Organization exclusive provider organization (EPO), n a dental benefits plan that provides benefits only if care is rendered by institutional and professional providers with whom the plan contracts (with some exceptions for emergency and out-of-area services). (EPO EPO see erythropoietin. EPO Erythropoietin, see there ); a Preferred Provider Organization pre·ferred provider organization n. Abbr. PPO A medical insurance plan in which members receive more coverage if they choose health care providers approved by or affiliated with the plan. (PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there ); and a Health Savings Account A Health Savings Account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a High Deductible Health Plan (HDHP). The funds contributed to the account are not subject to federal income tax at the time of deposit. (HSA). New Aetna members will have access to 12,500 primary and specialty physicians and 70 hospitals throughout the state. Aetna will be one of four carriers offering medical benefits to the state's employees. About Aetna Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 36.8 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com. |
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