NU Online News Service, July 11, 12:23 p.m. – Aetna Inc., Hartford, is introducing a new Aetna HealthFund defined-contribution health program.
Aetna says the new plan is the first fully insured product from a national carrier that’s designed for midsize employers.
The program combines catastrophic health insurance coverage, traditional prescription coverage and complete coverage for routine preventive services with personal health accounts that can be used to pay for routine medical treatment expenses.
Participating employees can keep any unused cash in the personal health accounts at the end of the year and use the cash to pay medical bills in the following year, Aetna says.
Aetna will be offering the program to employers with as few as 51 eligible employees.