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Life Health > Life Insurance

Benefits Alliances: Aetna, Minnesota Life, AvMed

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Aetna Inc. has hired Flexible Benefit Service Corp. to help it offer self-funded health reimbursement arrangement services to small groups.

Aetna, Hartford, is selling the Aetna HealthFund HRA for Small Group program to employers with 2 to 50 employees, the company says.

Employers can buy a stand-alone HRA program; an HRA that comes with high-deductible health coverage and kicks in before insureds meet the deductible; and a “post-deductible” HRA that kicks in only after insureds pay the plan deductible out of their own pockets, Aetna says.

Flexible Benefit, Des Plaines, Ill., also can set up reimbursement options to cover all expenses allowed by the federal government; expenses applied only to the deductible; expenses related to the insurance, such as the deductible and co-payments; and policy-related expenses along with other health care expenses, such as dental expenses and vision care expenses.

In other benefits alliances news:

- Minnesota Life, St. Paul, Minn., a unit of Minnesota Mutual Insurance Cos., will be offering large group life employers a travel assistance program from Europ Assistance USA Inc., Washington.

- AvMed Health Plans Inc., Miami, has hired Healthways Inc., Nashville, Tenn., to provide care management and support programs for members of commercial, Medicare and self-insured plans who have conditions such as asthma, diabetes and heart failure.

AvMed provides or administers health coverage for 240,000 people.


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