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Credit Card Reward Program To Pay Medical Bills

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A unit of Bank of America Corp. is setting up a credit card program for customers of Aetna Inc.

The new Aetna Health Living card will be available to dental, drug and behavioral health plan members as well as to medical plan members, and members who participate in the card’s “WorldPoints” rewards program will get 3 points for every dollar spent on hospital bills, doctor bills and other health-related purchases, according to Aetna, Hartford.

Card holders will get 10% discounts on purchases of some health-related items, and they will be able to use points to pay medical plan co-payments made with the card, Aetna says.

Holders also will be able to use the points to make cash deposits into checking accounts and health savings accounts, Aetna says.

Bank of America, Charlotte, N.C., notes that Aetna members must go through its usual credit screening process to get the cards.

Aetna is starting by offering the card program to small group programs. It hopes to expand the program in 2007, the company says.