Printer Friendly

Aetna Introduces Vital Savings on Health: Industry-First Offering Combines Discounted Care with Debit Card Feature.

HARTFORD, Conn. -- Aetna (NYSE:AET) announced today a new program that provides consumers with discounts of 10 percent to 50 percent off the cost of routine health care expenses such as doctor visits and certain health care services, discounts of 10 percent to 40 percent off the average wholesale price of prescription medications, and a unique pre-paid debit card feature. The new program, called Vital Savings(SM) on Health, will be available to employers of all sizes on September 1, 2006, in Denver, Colo., and Southern N.J., and on October 1, 2006, in Tampa, Fla., and Raleigh, N.C., with additional markets being added in 2007.

"We see this card as a positive for employers, consumers and physicians. Employers, who may not be able to offer certain employees health insurance, now have a low-cost way of attracting and rewarding employees, consumers have access to a broad network of health care providers at discounted rates, and physicians receive payment directly from the debit card at the time of service," said Chris Skelly, head of Aetna Health-Related Financial Solutions.

Vital Savings on Health is part of the Vital Savings by Aetna(R) family of programs, which also includes discounts on dental services, prescription drugs and long-term care. Vital Savings on Health subscribers receive access to:

--Significant discounts on the cost of routine health care such as doctor visits, wellness exams and preventive testing, when payments are made with the debit card, as well as discounts on generic and brand-name prescriptions;

--A convenient pre-paid debit card to pay for discounted services at Aetna participating health care providers that accept Visa;

--Discounts on other health-related products and services (for example, vision, fitness, alternative health care, hearing and oral health products);

--A full spectrum of Web-based tools, such as DocFind(R) - Aetna's online provider directory, Estimate the Cost of Care - a tool that helps consumers maximize their health care dollars, and a variety of other tools that help consumers make informed health care decisions.

"Vital Savings on Health is one solution Aetna is making available to many business owners who cannot afford to offer health insurance to their employees. Employees who work part-time or those who do not have health insurance should find this type of program attractive," added Skelly.

Vital Savings on Health is not insurance; rather, it offers access to certain providers who give participants discounts on the previously described services and facilitates payment to the providers at the point of service with the use of the pre-paid debit card.

Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 28.3 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, long-term care and disability plans, and medical management capabilities. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans and government-sponsored plans.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 12, 2006
Previous Article:Metalico to Acquire Niles Iron & Metal.
Next Article:ADVISORY/ Search Engine Strategies Returns to San Jose, California August 7th - 10th, 2006; Google CEO Eric Schmidt to Appear in Featured Session at...

Related Articles
Bells & whistles savings account.
Mellon Bank ASAE 1 PLAN merchant card services facilitates member payments.
Millennium ends with wave of class actions against HMOs.
A new card deal: health-care discount plans are tapping into the huge uninsured market. Should health insurers take notice? (Health-Care Discounters:...
Health care crisis: employers have begun a gradual but powerful shift from managed health care programs toward those that demand awareness,...
Discovering cards: health insurers see magnetic-stripe and smart cards as the answer to high administrative costs and consumer satisfaction.
FSA debit cards.
Back to basics: after experiencing huge losses and court battles, Aetna is rebounding by focusing on customer service, prompt claims payments and...
Follow the leader: as Wal-Mart and other mega-employers offer health savings accounts, some industry experts believe it's only a matter of time until...

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters