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Press release from Business Wire

Aetna Selected by Commonwealth of Virginia to Provide Health Benefits to Employees Beginning July 1

<p class='bwalignc'> <i><b>-- Aetna is one of three carriers awarded three-year contract by the Commonwealth --</b></i> </p>

Wednesday, April 24, 2013

Aetna Selected by Commonwealth of Virginia to Provide Health Benefits to Employees Beginning July 1

11:10 EDT Wednesday, April 24, 2013

RICHMOND, Va. (Business Wire) -- Aetna (NYSE: AET) has been selected by the Commonwealth of Virginia to offer a health benefits plan option to its over 200,000 eligible employees, retirees and family members. The new plan will be effective on July 1.

“We are pleased to join with the Commonwealth of Virginia to offer their employees the opportunity to participate in COVA HealthAware, a consumer-directed health plan,” said Michael Bucci, market head for Aetna's public sector business in Virginia. “Consumer-directed health plans give members more choice in making health benefits decisions. They also offer more control over health care spending.”

With COVA HealthAware, preventive care is covered at 100 percent in-network, helping employees stay on top of their health. Other plan features include:

  • A Commonwealth-funded health reimbursement arrangement to help employees pay for current health care expenses and save for future ones
  • Preventive and diagnostic dental care
  • Routine eye and hearing exams
  • Behavioral health services and access to Aetna's Employee Assistance Program
  • Easy-to-use tools and technology to help employees understand their health condition and take better care of themselves, all in partnership with their doctor

COVA HealthAware allows plan participants to earn additional financial incentives in their health reimbursement arrangement for healthy behaviors. According to Bucci, employees and their spouses can earn up to $150 each annually by completing certain healthy activities, such as getting an annual physical or receiving a flu shot.

“We're focused on creating affordability for the Commonwealth and its employees,” said Bucci. “COVA HealthAware helps employees save money now and in the future by getting them involved in managing their health and wellness.”

To learn more about COVA HealthAware, Commonwealth employees can visit www.covahealthaware.com.

About Aetna

Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 37.3 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities, Medicaid health care management services and health information technology services. Aetna's customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com.

Media Contact:
Aetna
Walt Cherniak, 410-401-9490
CherniakJrW@aetna.com

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