Aetna has an A.M. Best Rating of "A" for Excellent and has been in the Health Insurance business since 1853 and today serves over 14.8 million medical members in the country. Aetna is the first national and full-service health insurer to offer consumer-directed healthcare products which covers over 14.8 million medical members which includes 13.1 million people in dental coverage, 9.4 million people in pharmaceutical coverage, and 13.6 million members in group coverage and offers employee benefits as well.
Aetna has a large and extended network which includes 431,000 primary care doctors and specialists and over 4,323 hospitals. While Aetna offers members a wide range of choices for health care providers, Preferred Provider Organization plans are amongst the most popular in Virginia.
Preferred Provider Organizations are part of the main three health insurance plans which also includes Health Maintenance Organization (HMO) plans and Point of Service (POS) plans. Point of Service plans are the most flexible and generally most expensive and Health Maintenance Organizations are the least flexible and generally least expensive of the three. Preferred Provider Organization plans fall somewhere between the two. Different from HMOs, PPOs allow members to choose from out-of-network care providers, whereas HMOs require members to choose from in-network care providers. While PPO plans give their members freedom to choose, copays are also generally higher than that if in-network care providers were chosen.
Aetna offers Virginia residents two High Deductible Health Plans. High Deductible Health Plans (HDHP) are plans that are generally geared towards healthier and younger individuals. Since these High Deductible plans are a form of "catastrophic" plans, the plans are usually chosen when emergency situations are rare and unexpected. High Deductible plans are attractive to young-adults because they are usually paired with very low premiums.
Aetna also offers residents on New Jersey Health Savings Accounts which are appealing to individuals who want control over their health, choose a healthier lifestyle, and take responsibility to where their health care dollars are spent- whether in short term use or in long term use. Aetna also lowers the health insurance premium and pays out-of-pocket health care expenses with tax-advantaged savings. These Health Savings Accounts are flexible and follow the individual if they move or even change careers.
For more information about Aetna plans in Virginia, contact us at 877-567-5267.