Aetna (NYSE:AET) announced that it has been selected by the Pennsylvania Employees Benefit Trust Fund (PEBTF) as the sole provider of Medicare Advantage PPO plans to retired state employees. Aetna will be one of three health plans providing Medicare Advantage HMO plans. The contract takes effect Jan. 1, 2010 (see also Aetna).
'We're very excited to be given an opportunity to expand our participation in this program to include all Commonwealth of Pennsylvania retirees,' said Eric Cormier, head of Retiree Markets for Aetna in Pennsylvania. 'We are committed to providing superior benefits and service, and we welcome the opportunity to support these retired public servants.'
Aetna will offer its Medicare Advantage PPO plans across the state, and also will provide a Medicare Advantage HMO offering to retired state employees in Southeastern Pennsylvania and select sites outside the state.
This new contract presents an exciting new government-business opportunity, said Russ Dickhart, chief operating officer for Aetna's Government and Labor division. 'Aetna is committed to serving the unique needs of workers and retirees in the government and public sectors. We appreciate the chance to do that for our new Pennsylvania Employees Benefit Trust Fund clients.'
Aetna provides health benefits to more than 1.1 million members in Pennsylvania. About Aetna Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 36.8 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com.
Keywords: Medicare and Medicaid, Health, Professional Services, Insurance, General Health, Managed Care, Insurance, HMO, Health Insurance, Health Maintenance Organizations, Health Policy, Medicare, Aetna.
This article was prepared by Managed Care Weekly Digest editors from staff and other reports. Copyright 2009, Managed Care Weekly Digest via NewsRx.com.
