What does Aetna stand for?

Asked by: Stone Bernier  |  Last update: February 11, 2022
Score: 4.3/5 (59 votes)

Aetna Inc.
Aetna is descended from Aetna (Fire) Insurance Company of Hartford, Connecticut. The name of the company is based on Mount Etna, at the time the most active volcano in Europe.

How did Aetna get its name?

The company's first president is Eliphalet A Bulkeley. The “Aetna” name is retained to take advantage of the good reputation of the original Aetna. The name was inspired by an 11,000-foot volcano on the eastern shores of Sicily, Mt. Etna, which was the most active volcano in Europe.

What does the name Aetna mean?

the Latin name for Mount Etna.

What is Aetna known for?

As one of the nation's leading diversified health care benefits companies, Aetna provides people with information and resources to help them make better informed decisions about their health care – and the financial side of health care. Our health insurance products include medical, pharmacy, dental, behavioral health.

What does the CEO of Aetna make?

CVS Health (Aetna) CEO Larry Merlo: $23,043,822 (down 37 percent from 2019)

What does the EPO, PPO, HMO, POS stand for in HEALTH INSURANCE? What is network provider?

20 related questions found

Did Aetna own slaves?

“Aetna has long acknowledged that for several years shortly after its founding in 1853 that the company may have insured the lives of slaves,” Aetna spokesman Fred Laberge said Thursday. ... Aetna said its records show the company wrote no more than a dozen such policies to slave owners.

What is CVS Aetna?

The Aetna Connected Plan with CVS Health™ is helping deliver cost-effective, accessible and easy health care. ... The combined assets of CVS and Aetna — medical, pharmacy and retail (i.e. MinuteClinic, HealthHUB locations, retail stores) — allow members to access the care they need, where and when they need it.”

Is Aetna a government insurance?

Aetna Public Government Solutions

Access to affordable, customized health care for government employees.

Is Aetna part of Optum?

OptumHealth Care Solutions, Inc. (Optum) manages the physical and occupational outpatient therapy network for Aetna (Aetna Health Inc, Aetna Life Insurance Company and Aetna Health Management) commercial and Medicare plans.

Is Aetna insurance owned by CVS?

CVS Health-owned Aetna on Monday rolled out a plan design that would steer patients toward its parent company's brick-and-mortar locations — a key concern of antitrust regulators in reviewing the almost $69 billion megamerger that closed in 2019.

Is Cigna owned by Aetna?

(Reuters) - Health insurer Cigna Corp's CI. ... N proposed $69 billion acquisition of health insurer Aetna Inc AET. N. The new company will marry Cigna's business of managing health plans for corporations and the government with Express Scripts' ESRX.

Does Aetna own PayFlex?

Aetna announced Monday it will acquire account-based health plan administrator PayFlex for $202 million, adding its HealthHub technology platform as it looks to a changing insurance landscape.

Is Aetna a real company?

Helping people live healthier lives. An estimated 39 million people rely on Aetna, a CVS Health company, to help them make decisions about their health care and their health care spending. ... Our health insurance plans and services include: Medical, pharmacy and dental plans.

How does Aetna make money?

But the aging population and expansion of Medicaid managed care means insurers are investing more time and money in the lower-margin (but still lucrative) government programs. ... Aetna, in particular, has invested heavily in Medicare Advantage.

Is Aetna Life Insurance Good?

Aetna Life Insurance Company. ... Aetna is a trusted name in the insurance industry and is currently ranked 61st out of the top 200 life and health insurance companies in the United States, according to the 2020 annual Best's Review.

What type of insurance is Aetna Medicare?

Aetna Medicare is a HMO, PPO plan with a Medicare contract. Our SNPs also have contracts with State Medicaid programs. Enrollment in our plans depends on contract renewal.

What does CVS stand for?

CVS stands for Consumer Value Stores. 1964 — The chain grows to 17 stores. The original CVS logo is developed (CVS banner inside a shield, with the words “Consumer Value Stores” below) and displayed on store exteriors for the first time.

What company owns CVS Pharmacy?

CVS Health Corporation (previously CVS Corporation and CVS Caremark Corporation) is an American healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; and Aetna, a health insurance provider, among many other brands.

What role did insurance companies play in slavery?

In the history of slavery in the United States, a number of insurance companies wrote policies insuring slave owners against the loss, damage, or death of their slaves. The fact that a number of insurers continue the businesses that serviced these policies has brought attention to this history.

When was New York Life created?

Nautilus reached this goal in two years, and on April 12, 1845, the company formed a board of trustees comprised of what one historian called “some of the most influential merchants and 'captains of industry' in the City of New York.” This is the date officially considered New York Life's birthday.

What was the purpose of the Royal African company?

Originally known as the Company of Royal Adventurers Trading into Africa, by its charter issued in 1660 it was granted a monopoly over English trade along the west coast of Africa, with the principal objective being the search for gold. In 1663 a new charter was obtained which also mentioned the trade in slaves.