NU Online News Service, Sept. 13, 9:30 a.m. – Aetna Inc., Hartford, Conn., today introduced a health product that gives employers additional flexibility in customized product design and gives consumers greater choice and control in directing the health benefits provided by their employers.

Aetna HealthFund combines a preferred provider plan with an employer-funded health savings account that can be rolled over at the end of the year with any remaining funds going toward covered services in the subsequent years, Aetna says.

The product will also include Aetna Navigator, an online resource that lets members manage their health and track health expenditures on a personalized, secure Web site, Aetna says.

Aetna HealthFund is offered on a self-funded basis and can be customized to suit the specific needs of the employer, the company says. Annual PPO deductibles are expected to range from $1,500 to $3,000, and the employer-funded health savings account maximums are expected to range from $500 to $1,000 or higher, the company says.

Employers also may choose to offer a Flexible Spending Account, which the employee can fund with pre-tax dollars.

Such spending accounts are used to cover services excluded from traditional coverage, such as out-of-pocket costs, deductibles and coinsurance, the company says.

Unlike the employer-funded health savings account, funds remaining in FSAs at year’s end cannot be rolled over, in accordance with IRS regulations, the company says.