Aetna Rolls Out New More Affordable Health Plans For East Suburban Cleveland Small Businesses

Aetna members get most value using Lake Health System

RICHFIELD, Ohio — Aetna (NYSE: AET) announced today the launch of new health plan options in east suburban Cleveland called “Aetna Savings Plus.” The plans are designed for small businesses and offer a reduced small-group premium if employees use the hospitals and physicians in the Lake Health System.

The plans are part of a growing trend to pass along the savings from well-priced hospitals and physicians to employers and plan members.

“Employers are looking for ways to contain health insurance costs. Providing health benefits can be particularly difficult for small employers,” said Jay Timm, president of Aetna’s Ohio market. “Having options that can reduce a business’ monthly outlay – as well as its employees’ out-of-pocket costs – is important in today’s economic environment.”

With the Aetna Savings Plus plans, health plan members have lower deductibles and co-pays and higher percentages of their bills covered when they use Lake Health System than when they use other health care providers in the regular Aetna network.

“Aetna members know and trust Lake Health System, which has proven to deliver well-respected health care services at reasonable prices,” said Timm. “They were a natural choice for a plan like this designed for businesses in all of Lake County, Eastern Cuyahoga, parts of Geauga, and northwestern Ashtabula County.”

Bundled into the Aetna Savings Plus plans are Aetna’s women’s health programs such as the Beginning Right programSM, BRCA genetic testing for those requesting it, and breast health education; disease management programs including one-on-one nurse support; wellness programs and health assessment tools; an employee assistance program; and several discount programs.

About Aetna
Aetna is one of the nation’s leading diversified health care benefits companies, serving approximately 36.5 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 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.

About Lake Health
Lake Health is a comprehensive health care system with over 100 years of commitment to Lake County and surrounding communities. For nine consecutive years NorthCoast 99 has named Lake Health one of the 99 Best Places to Work in Northeast Ohio. Dedicated to redefining health care in Northeast Ohio, Lake Health provides patient- and family-centered care that promotes a lifetime of health and wellness. Lake Health delivers progressive, compassionate health care through 15 state-of-the-art facilities staffed by more than 500 physicians and 2,700 health care professionals. To learn more, visit http://www.lakehealth.org/ or follow @LakeHealth on Twitter.