Aetna Launches New Health Insurance Option in Michigan for Small Businesses
“Aetna Funding Advantage offers great benefits, some which were traditionally only available to larger employers. This is a differentiated product tailored to small business needs,” said
Historically, small employers have offered their employees fully insured plans and made a monthly payment to a health insurer to cover both the medical claims and administrative costs of the plan. With AFA, benefits coverage is offered and funded by the employer, with administrative services and stop loss insurance coverage provided by
AFA benefits:
- Potentially lower monthly payments, taxes and fees
- A wide range of benefits and a broad portfolio of product options
- Financial protection and fixed monthly payments
- Monthly reporting to understand the company’s health performance
- The opportunity for shared savings after renewal
- Unique value adds, such as digital health coaching and other consumer technology
- Innovative technology to help administer the plan and generate automated reports
“Aetna Funding Advantage was designed to provide high quality benefits for smaller employers and their employees at an affordable price,” said Myers. “We’re very excited to launch AFA in
*Cost savings reported in 2018 by specific
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20180621006135/en/
[email protected]
Source:
A.M. Best Affirms Credit Ratings of Wilton Re Ltd and Its Subsidiaries; Upgrades Credit Ratings of ivari
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News