Meritain Health and Aetna: Combining Strengths to Provide Top-Notch Healthcare Benefits
With the ongoing pandemic and increasing healthcare costs, employees are looking for reliable healthcare benefits from their employers. Aetna, one of the top healthcare insurance providers in the US, acquired Meritain Health in 2012 to create a more comprehensive healthcare solution for employers and their employees. In this article, we will explore how the merger of Meritain Health and Aetna has resulted in a top-notch healthcare benefits provider, offering a seamless and comprehensive health insurance experience.
What is Meritain Health?
Meritain Health is a leading healthcare insurance provider, specializing in self-funded insurance plans for employers. It was founded in 1983 and currently serves over 1.36 million members across the US. Meritain Health provides comprehensive healthcare insurance services to employers in various industries, including education, healthcare, and government.
What is Aetna?
Aetna is a Fortune 500 healthcare insurance provider that has been in operation for over 170 years. It was founded in 1853 and is one of the largest healthcare insurance providers in the US. Aetna provides health insurance services to individuals and employers, offering medical, dental, vision, pharmacy, and behavioral health insurance plans.
Combining Strengths
In 2012, Aetna acquired Meritain Health to strengthen its expertise in self-funded insurance plans. This acquisition allowed Aetna to offer a more comprehensive healthcare solution to employers, combining Aetna’s existing medical, dental, and vision insurance plans with Meritain Health’s self-funded insurance plans. The merger provided Aetna with a competitive advantage in the healthcare benefits market, allowing the company to serve employers of all sizes and industries while also delivering cost-effective healthcare solutions to employees.
Benefits of the Merger
By combining the strengths of Meritain Health and Aetna, the company can offer a seamless healthcare insurance experience to employees and employers. The merger allows the company to provide cost-effective healthcare solutions to self-insured employers, while also offering a wide range of medical, dental, vision, and behavioral health insurance plans to fully insured employers. Additionally, the company can provide health savings accounts, flexible spending accounts, and other benefits administration services to employers, making the healthcare insurance experience more convenient for employees.
Case Study: How the Merger Helped One Employer
One example of how the Meritain Health and Aetna merger has benefited employers is the case of J. Smith & Co., a manufacturing company that employs 500 workers. J. Smith & Co. switched to Aetna and Meritain Health’s healthcare insurance plan in 2018, after experiencing annual premium increases of more than 20%. After switching to the Aetna and Meritain Health plan, J. Smith & Co. experienced a lower overall rate increase, with premium increases of only 7%. This resulted in significant cost savings for the company, and employees benefited from better healthcare benefits and lower costs.
Conclusion
The merger of Meritain Health and Aetna has strengthened both companies’ healthcare insurance services, resulting in a top-notch healthcare benefits provider. By offering a wide range of medical, dental, vision, and behavioral health insurance plans, as well as self-funded insurance plans, Aetna and Meritain Health can provide cost-effective healthcare solutions to employers of all sizes and industries. The merger has also made the healthcare insurance experience more convenient for employees, with benefits administration services such as health savings accounts and flexible spending accounts. With Aetna and Meritain Health’s combined expertise in healthcare insurance, employers can provide reliable healthcare benefits to their employees, resulting in a healthier and more productive workforce.
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