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Aetna company logo
Corporation
FINANCE | Insurance / Health Insurance
aetna.com

Investments

47

Portfolio Exits

23

Partners & Customers

10

Service Providers

2

About Aetna

Aetna (NYSE: AET) is a diversified healthcare benefits company. It provides health care services that include medical, pharmacy, dental, behavioral health, group life, disability, and health care management services. The company was founded in 1983 and is based in Hartford, Connecticut.

Headquarters Location

151 Farmington Avenue

Hartford, Connecticut, 0615,

United States

800-872-3862

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CB Insights Intelligence Analysts have mentioned Aetna in 3 CB Insights research briefs, most recently on Jul 20, 2022.

Latest Aetna News

10:06 ET Allina Health | Aetna Offering Improved Medicare Advantage Benefits for 2024

Oct 2, 2023

News provided by Share this article The updates include more comprehensive and valuable fitness benefits ST. LOUIS PARK, Minn., Oct. 2, 2023 /PRNewswire/ -- Allina Health | Aetna announces valuable updates to its Medicare Advantage (MA) plans for 2024, including a new fitness benefit and additional cost savings for those who qualify for Extra Help. Flexible fitness reimbursement offers choice and new ways to stay healthy The new Allina Health | Aetna Medicare SmartFit (PPO) with a $0 monthly plan premium is designed with prescription drug plan enrollees considering switching to a Medicare Advantage plan in mind. SmartFit will be available in eight metro counties. It will include: Vision, hearing and over-the-counter benefits A $2,550 annual dental allowance A $30 monthly Part B premium reduction, A fitness reimbursement benefit of $1,200 annually that can cover costs for activities like pickleball, golf and swimming, entrance fees for national and state parks, plus fitness supplies, athletic shoes and more, all in addition to SilverSneakers ® fitness and wellness resources, including access to the Apple Fitness+SM service A flexible fitness reimbursement benefit of $360 annually will also be added to the Allina Health | Aetna Medicare Plus (PPO) in 2024 with a $0 monthly plan premium. "Being able to offer a unique benefit, like the flexible fitness reimbursement, allows Allina Health | Aetna to serve our members in a new way," said Britta Orr, Chief Medicare Officer. "Our updated Medicare Advantage plans will save Minnesotans money while connecting them with the programs, products and local support team they need to take care of themselves." New to the Minnesota Medicare market in 2019, Allina Health | Aetna currently serves almost 20,000 members in 21 counties in and around the Twin Cities. That footprint will grow to 22 counties with the addition of Mille Lacs County in 2024. New plan offers expanded money-saving benefits for individuals who qualify for Extra Help In 2024, Allina Health | Aetna will offer a new Allina Health | Aetna Medicare Value (PPO) plan to provide additional value for individuals who qualify for Extra Help, also known as Part D Low-Income Subsidy (LIS). This plan features: A low monthly plan premium A $1,450 annual dental allowance Vision, hearing and SilverSneakers® fitness benefits An over-the-counter allowance of $90 quarterly $0 copays for in-network primary care visits and labs Those with Extra Help may also qualify for: $0 monthly plan premiums $0 on covered Part D drugs An Extra Benefits Card with a $75 quarterly Extra Supports Wallet to help with certain expenses like healthy food, utilities, gas, transportation, personal care items, pet supplies and rent or mortgage The Inflation Reduction Act expanded eligibility for the Extra Help program, qualifying more Medicare beneficiaries for the program in 2024.<1/*> Allina Health | Aetna stands ready to help these individuals take advantage of those benefits. Investment in existing plans offers help with everyday expenses and achieving personal health goals Beyond introducing the Value and SmartFit plans, significant investments were made into plans Allina Health | Aetna Medicare members already enjoy. Highlights include: Lower premiums: Each plan with a monthly plan premium is reducing that premium by $10. Dental, vision and hearing flexible allowances: New for 2024, certain Allina Health | Aetna plans will have a $500 annual Dental, Vision and Hearing Wallet included on the Extra Benefits Card to pay for out-of-pocket dental, vision and hearing costs. This is in addition to other dental, vision or hearing allowances. It will allow members to choose how to spend the $500 based on their needs. Examples could include dental implants, a pair of prescription sunglasses or a more advanced hearing aid. Higher dental allowances on many plans: Dental allowance amounts will increase on many plans for 2024 — by as much as $900 on the Plus plan. All dental allowances continue to cover preventive services as well as comprehensive care for covered services such as dentures, fillings, crowns, root canals and more. Increased dollar amount on Allina Health | Aetna Medicare Payment Card: On the Plus plan, the Allina Health | Aetna Medicare Payment Card includes a Medical Expense Wallet with a $200 quarterly allowance to use toward out-of-pocket medical expenses, such as specialist copays or an inpatient hospital stay. Enhancements to the Eagle plan: The Allina Health | Aetna Medicare Eagle (PPO) will continue to be a great option offering additional benefits for veterans or individuals who already have prescription drug coverage. For 2024, the Part B premium reduction will more than double to $100 monthly and all outpatient mental health copays will be reduced to $20. Competitive prescription drug benefits: In 2024, Allina Health | Aetna plans with prescription drug coverage will continue to offer $0 deductible on Tier 1 and Tier 2 drugs, $0 copays for Tier 1 drugs at preferred network pharmacies, 100-day supplies at no added cost and Tier 1/Tier 2 coverage through the coverage gap ("donut hole"). Allina Health | Aetna is also providing more value to its members on all plans with $0 colonoscopies, $0 continuous glucose monitors and supplies, non-Medicare covered podiatry benefits and 14 freshly prepared (not frozen) precooked meals delivered to their home upon discharge from an inpatient hospital stay or skilled nursing facility. Local customer service offers a personal touch close to home Allina Health | Aetna continues to grow its Minnesota-based customer service presence, including a local team of Medicare Member Advocates. They can meet with members virtually, by phone or face-to-face to answer any questions or to help them navigate complex needs. Allina Health | Aetna welcomes these close connections, and the team considers it their mission to treat each and every member like they would their own family. Visit the Allina Health | Aetna Medicare website for more information about the 2024 Medicare Advantage plans or call <1-833-874-8527 (TTY: 711) 8 AM to 8 PM, seven days a week>. Current members can schedule a one-on-one meeting with a Member Advocate online via their secure member portal or call Member Services at <1-833-570-6671 (TTY: 711)> with questions about their 2024 benefits. The Medicare Annual Enrollment Period runs from October 15 through December 7, 2023. A licensed agent may answer your call. About Allina Health | Aetna Allina Health | Aetna is a unique health plan owned by Allina Health and Aetna®, a CVS Health® company. Allina Health | Aetna delivers empowered health insurance solutions that coordinate quality coverage and care around the needs of each member. We do this through health plans that connect Minnesota's best doctors,* specialists* and care facilities* to the coverage and benefits they need in order to provide the most effective care. * The result is an easier, more accessible and more valuable health insurance solution for Minnesotans. Learn more at < allinahealthaetna.com > and follow us on LinkedIn and Facebook . *FOR BEST CARE FACILITIES SOURCE: U.S. News & World Report. Best Hospitals in Minneapolis-St. Paul, MN . Accessed September 28, 2023. Allina Health | Aetna Medicare is a PPO plan with a Medicare contract. Enrollment in our plans depends on contract renewal. Plan features and availability may vary by service area. The Allina Health | Aetna Medicare pharmacy network includes limited lower cost preferred pharmacies in: Suburban Arizona, Rural California, Urban Kansas, Rural Michigan, Suburban Michigan, Urban Michigan, Urban Missouri, Rural North Dakota, Suburban Utah, Suburban West Virginia, Suburban Wyoming. The lower costs advertised in our plan materials for these pharmacies may not be available at the pharmacy you use. For up-to-date information about our network pharmacies, including whether there are any lower-cost preferred pharmacies in your area, members please call the number on your ID card, non-members please call 1-833-258-3134  ( TTY: 711 ) or consult the online pharmacy directory at www.allinahealthaetnamedicare.com/pharmacyhelp . The formulary may change at any time. You will receive notice when necessary. Participating health care providers are independent contractors and are neither agents nor employees of Allina Health | Aetna. The availability of any particular provider cannot be guaranteed, and provider network composition is subject to change. SilverSneakers is a registered trademark of Tivity Health, Inc. © 2023 Tivity Health, Inc. All rights reserved. Apple Fitness+ is a trademark of Apple Inc., registered in the U.S. and other countries. Y0130_36641_2024_M Media Contact: Amy Adamle

Aetna Investments

47 Investments

Aetna has made 47 investments. Their latest investment was in Vericare Management as part of their Series B - II on November 11, 2007.

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Aetna Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/6/2007

Series B - II

Vericare Management

$9.5M

Yes

1

6/11/2007

Series B

Healthline Media

$21M

Yes

2

4/10/2007

Series B

Premise

$6.3M

Yes

4/11/2001

Unattributed VC

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$99M

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0

8/17/1999

Corporate Minority

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10

Date

11/6/2007

6/11/2007

4/10/2007

4/11/2001

8/17/1999

Round

Series B - II

Series B

Series B

Unattributed VC

Corporate Minority

Company

Vericare Management

Healthline Media

Premise

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Amount

$9.5M

$21M

$6.3M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

0

10

Aetna Portfolio Exits

23 Portfolio Exits

Aetna has 23 portfolio exits. Their latest portfolio exit was Bswift on October 03, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/3/2022

Acq - Fin

$99M

1

4/5/2022

Acquired - II

$99M

1

3/24/2022

Divestiture

Aetna - Thailand

$99M

1

7/17/2019

Acquired

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$99M

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10

10/8/2018

Divestiture

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$99M

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10

Date

10/3/2022

4/5/2022

3/24/2022

7/17/2019

10/8/2018

Exit

Acq - Fin

Acquired - II

Divestiture

Acquired

Divestiture

Companies

Aetna - Thailand

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

1

1

10

10

Aetna Acquisitions

22 Acquisitions

Aetna acquired 22 companies. Their latest acquisition was Bupa - Thailand Division on July 25, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/25/2017

$99M

Acquired Unit

1

11/4/2014

Private Equity

$99M

$51M

Acquired

2

4/23/2014

Private Equity

$99M

Acquired

2

5/8/2013

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$99M

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10

10/24/2011

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$99M

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10

Date

7/25/2017

11/4/2014

4/23/2014

5/8/2013

10/24/2011

Investment Stage

Private Equity

Private Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$51M

Note

Acquired Unit

Acquired

Acquired

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Sources

1

2

2

10

10

Aetna Partners & Customers

10 Partners and customers

Aetna has 10 strategic partners and customers. Aetna recently partnered with Oshi Health on April 4, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

4/7/2023

Partner

United States

Aetna partners with gastrointestinal care company Oshi Health

The company has since announced partnerships with care coordination company Quantum Health , virtual care company Firefly Health and digital health marketplace Solera Health .

2

3/20/2023

Partner

United States

1

2/24/2023

Partner

United States

- Cornerstone Broker Insurance Services Agency Earn More with Aetna's Whole Health Cleveland Clinic Producer Program!

Aetna and Cleveland Clinic have partnered to deliver a co-branded insurance plan , delivering a cost-effective offering beyond Aetna 's typical broad .

1

2/7/2023

Client

United States

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10

1/4/2023

Client

United States

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10

Date

4/7/2023

3/20/2023

2/24/2023

2/7/2023

1/4/2023

Type

Partner

Partner

Partner

Client

Client

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

Aetna partners with gastrointestinal care company Oshi Health

The company has since announced partnerships with care coordination company Quantum Health , virtual care company Firefly Health and digital health marketplace Solera Health .

- Cornerstone Broker Insurance Services Agency Earn More with Aetna's Whole Health Cleveland Clinic Producer Program!

Aetna and Cleveland Clinic have partnered to deliver a co-branded insurance plan , delivering a cost-effective offering beyond Aetna 's typical broad .

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Sources

2

1

1

10

10

Aetna Service Providers

2 Service Providers

Aetna has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - P2P

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Acq - P2P

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

Aetna Team

110 Team Members

Aetna has 110 team members, including , .

Name

Work History

Title

Status

Gerald Greenwald

Founder

Current

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Name

Gerald Greenwald

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Work History

Title

Founder

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Status

Current

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