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January 14, 2022 at 02:59 PM
What You Need to Know
- Benefytt is acting as the health insurance agency responsible for the sales.
- AXA was formerly a major U.S. life, health and annuity issuer through Equitable.
- AXA began to separate from Equitable in 2018 and reduced its stake in Equitable to less than 10% in 2019.
A U.S. arm of a French insurance giant is tiptoeing back into the U.S. life and health market.
AXA Partners US is marketing health insurance through Health Elect, a website that serves as a digital storefront for products distributed by Benefytt. Benefytt is the insurance agency responsible for the product sales.
For now, AXA Partners is focusing on offering short-term health insurance, limited-benefit medical indemnity insurance and Affordable Care Act major medical insurance.
The short-term health and indemnity policies offered through the site come from Standard Life and Accident Insurance, a subsidiary of American National.
The AXA Health Elect program will provide help through a call center Monday through Friday from 8 a.m. to 8 p.m. Eastern time.
The History
AXA is one of the world’s top insurers. The Paris-based company became the owner of Equitable, one of the biggest U.S. life, health and annuity issuers, in 1991.
