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All About Aetna Health Insurance?

In today’s health care industry, Aetna is one of the leading insurance companies and continues to impact the delivery of health care in the U.S. However, Aetna’s history dates back to more than half a century earlier when it started out as a life insurance company.

The History of Aetna Insurance Company

In 1850, Aetna Insurance Company organized an Annuity Fund to sell life insurance. Judge Eliphalet A. Bulkeley, who was a general counsel to the company became its president and prior to was the president of the Connecticut Mutual Life Insurance Company, which was, when founded in 1846, the first life insurance company in Connecticut. The Annuity department separates from Aetna insurance and is incorporated as Aetna Insurance Company.

Aetna adopted its name from a well-known volcano, which at the time was approximately 11,000 feet and very active. Located in Sicily, Mount Etna was popular and represented great strength.

Aetna continued to build a great reputation in the life insurance and stock markets by providing dividends for its policyholders. In 1899, Aetna enters the health insurance business. It becomes one of the first stock insurance companies to enter the health insurance business.

In 1973, Aetna creates its first Health Maintenance Organization subsidiary. The HMO is a network of physicians that Aetna pays to treat and diagnose patients. Aetna is an American diversified health care benefits company, providing a range of traditional and consumer-related insurance products and including medical, pharmaceutical, dental, behavioral health, group life, long-term care, and disability plans.

Aetna Insurance Today

In today’s health market, the medical services are generally divided into the Aetna’s HMO, POS AND PPO plans. The products are group plans, purchased by employers, that allows the employees to access both in-network and out-of network providers. These plans may or may not require special authorization to undergo treatment if the providers are out-of-network.

Aetna provides benefits to small, mid and large employers in all 50 states. Aetna has been named one of the “most admired” companies in healthcare. Aetna also offers insurance for those not employed.

Aetna Health Insurance for Students

Today, Aetna Student Health is the market leader in providing coverage for more than 450,000 undergraduate and graduate students at institutions nationwide. Their clients include large and small, private and public institutions. Some have extensive student health services available on campus, while others offer minimal or no health services. Aetna is the national leader in creating affordable alternatives in student health care and group insurance. They continue to define a new standard for medical marketplace.