Aetna: Life Insurance Options And Features Explored

Aetna is a well-known health insurance company that offers a range of health insurance products, including Medicare, Medigap, and Medicare Advantage. They are also one of the largest insurers in the nation and have a long history dating back to 1853. While they are primarily known for health insurance, they do offer life insurance products, specifically end-of-life insurance or final expense insurance for seniors. This type of insurance is designed to cover funeral costs and other expenses incurred at the end of life. Aetna's life insurance is available to seniors aged 40 to 89 and offers flexible underwriting, making it accessible to those with health issues. The company provides competitive rates and coverage amounts of up to $50,000.

Aetna's final expense insurance

When the insured person passes away, Aetna will pay a tax-free cash benefit to the named beneficiaries. There are no restrictions on how the money is used. This means that the benefit can be used to pay for funeral expenses, medical bills, credit card debt, or any other expenses. If there is any money left over after the final expenses are paid, the beneficiaries can keep it.

The cost of Aetna's final expense insurance depends on several factors, including the applicant's age, gender, health history, tobacco use, state of residence, and the desired coverage amount. The minimum coverage amount is $2,000, while the maximum coverage amount varies by age. For those aged 40 to 55, the maximum coverage is $50,000; for ages 56 to 65, it is $40,000; for ages 66 to 75, it is $30,000; and for ages 76 to 89, it is $25,000.

Aetna's history

Aetna is an American managed health care company that sells health care insurance and related services, such as medical, pharmaceutical, dental, behavioural health, long-term care, and disability plans. It is a subsidiary of CVS Health, with a network of 22.1 million medical members, 12.7 million dental members, and 13.1 million pharmacy benefit management services members.

Aetna was founded in 1819 as the Aetna (Fire) Insurance Company of Hartford, Connecticut, by Thomas Kimberly Brace, who served as its first president. In 1820, Brace rewrote the company charter to allow Aetna to underwrite life insurance and annuities, earning him the title of "father" of American life insurance. In 1853, the Annuity department separated from Aetna Insurance and was incorporated as the Aetna Life Insurance Company, with Eliphalet Bulkeley as president.

Aetna has a long history of innovation in the healthcare industry. In 1917, it provided insurance to the government to bond contractors involved in construction during World War I. In 1922, it created the first insurer-owned rehabilitation clinic for disabled workers. In 1944, it became the first insurer to advertise on television. In 1963, it wrote the first individual life insurance policies to protect America's original seven astronauts. In 1997, it was the first to support new diabetes screening guidelines endorsed by the American Diabetes Association.

In 1996, Aetna sold its property and casualty subsidiary and acquired U.S. Healthcare, changing its name to Aetna Inc. In 1998, it bought NYLCare Health Plans, adding 2.2 million members. The following year, it acquired Prudential HealthCare, becoming the largest provider of health benefits in the U.S., with over 21 million members. In 2000, it sold its financial services and international businesses to focus on health and group benefits. In 2018, CVS Health acquired Aetna, and it is now known as Aetna Health Inc. or Aetna Health Insurance Company in most states.

Today, Aetna continues to offer a range of health insurance products, including Medicare supplements, critical illness coverage, and final expense insurance for seniors. It also provides dental and vision coverage and international coverage for students studying abroad.

Aetna's parent company

Aetna is a subsidiary of CVS Health, which completed its acquisition of the company in November 2018. CVS Health paid $69 billion for the company, and the deal marked a transformative moment in healthcare.

Aetna is an American managed healthcare company that sells health insurance and related services, such as medical, pharmaceutical, dental, and disability plans. The company has a large network of members and healthcare professionals, including 22.1 million medical members, 12.7 million dental members, 13.1 million pharmacy benefit management services members, and over 1.2 million healthcare professionals.

Aetna was founded in 1819 as the Aetna (Fire) Insurance Company of Hartford, Connecticut. The name was inspired by Mount Etna, the most active volcano in Europe at the time. In 1853, the company separated its Annuity department, which became the Aetna Life Insurance Company.

Aetna has a long history of innovation in the healthcare industry. It was the first insurer to support new diabetes screening guidelines endorsed by the American Diabetes Association in 1997 and the first to follow new mammogram screening guidelines issued by the American Cancer Society and the National Cancer Institute in the same year. Aetna also funded a program to raise awareness of heart disease risks among women in 1997, making it the first insurer to do so.

Aetna has undergone several changes over the years, including selling its property and casualty subsidiary to The Travelers Companies in 1996 and acquiring U.S. Healthcare in the same year. In 1998, Aetna bought NYLCare Health Plans, adding 2.2 million members. The following year, it acquired Prudential HealthCare, becoming the largest provider of health benefits in the US.

In 2018, Aetna rebranded its Medicaid providers as Aetna Better Health and introduced a new company logo. The company also announced plans to move its headquarters to New York City but later decided to keep its headquarters in Hartford after the acquisition by CVS Health.

Aetna offers a range of health insurance products, including Medigap, Medicare Advantage, and critical illness coverage. It also provides final expense insurance, commonly known as burial or funeral insurance, through its subsidiaries, such as Accendo Life Insurance Company and Continental Life Insurance Company of Brentwood, Tennessee.

Aetna's subsidiaries

Aetna, a subsidiary of CVS Health Corporation, has several subsidiaries of its own. These subsidiaries provide a range of products and services, including health insurance, life insurance, and other ancillary products. Here is a list of some of Aetna's subsidiaries:

• Accendo Life Insurance Company
• Continental Life Insurance Company of Brentwood, Tennessee
• American Continental Life Insurance Company
• Aetna Health Holdings, LLC
• Aetna Health Inc. (operating in multiple states)
• Aetna Better Health Inc. (operating in multiple states)
• Aetna Dental Inc.
• Aetna Health Finance, Inc.
• Aetna Specialty Pharmacy, LLC
• Cofinity, Inc.
• Meritain Health, Inc.
• Aetna Life Insurance Company
• Aetna Health and Life Insurance Company
• Aetna Health Insurance Company of New York
• Aetna Global Benefits (with subsidiaries in Bermuda, the UAE, the UK, Hong Kong, India, and Singapore)
• Aetna International Inc.
• Aetna Life & Casualty (Bermuda) Ltd.
• Aetna Health Services (UK) Limited
• Aetna Insurance Company Limited

This list is non-exhaustive and may not be entirely up to date, as it includes information from various sources with different publication dates.

Aetna's plans in Texas

Aetna offers a range of health insurance plans in Texas, including Medicare, Medicaid, and Children's Health Insurance Program (CHIP).

Medicare Plans

Aetna offers Medicare plans for individuals and families in Texas. These plans provide health coverage for people aged 65 and older, with annual enrollment ending on December 7.

Medicaid Plans

Aetna Better Health of Texas provides Medicaid coverage for eligible individuals and families in the state. This includes coverage under the STAR and STAR Kids programs, as well as the Children's Health Insurance Program (CHIP).

STAR is Medicaid coverage for children, newborns, pregnant women, and some families. STAR Kids provides coverage for children and adults aged 20 and younger with disabilities.

CHIP

CHIP is a health insurance program offered by Aetna in Texas for families who earn too much to qualify for Medicaid but cannot afford private health insurance. CHIP Perinatal offers coverage specifically for expecting mothers.

Texas Health Aetna

Aetna also offers health insurance plans in Texas through Texas Health Aetna, a collaboration between Texas Health Resources and Aetna Life Insurance Company and its affiliates. These plans aim to provide simpler, more convenient, and lower-cost healthcare options for residents of North Texas.

Texas Health Aetna offers features such as:

• 24/7 virtual care through the Anytime-MD app, which connects users to a live physician
• A network of over 2,900 primary care doctors and 3,300+ behavioral health specialists
• Walk-in care at MinuteClinic® and HealthHUB® locations nationwide, as well as prescription services from CVS Pharmacy®
• Coverage for routine and preventative care for the whole family, including check-ups and screenings
• Personalized support, including home visits via Anytime-MD with Dispatch Health and local care teams for those with chronic conditions or hospitalisations

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