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Assurant Health positions themselves for expansion with new Aetna Contract – This could result in lower premiums in areas where Assurant was previously not competitive in the market. January 17, 2012

Posted by solutionsinsuranceservices in Group Insurance, Health Insurance, Individual Insurance.
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Assurant Health Contracts With Aetna Signature Administrators® to Provide Consumers With Access to Expanded PPO Network and Medical Management Services

By Assurant Health

Published: Tuesday, Jan. 17, 2012 – 6:05 am

MILWAUKEE, Jan. 17, 2012 — /PRNewswire/ — Assurant Health, a leading provider of major medical, supplemental and fixed-benefit health plans for individuals, families and small employers, announces an agreement with Aetna Signature Administrators, allowing current and prospective major medical customers of Assurant Health to access the Aetna Signature Administrators national PPO network.

Beginning in March, major medical customers of Assurant Health will be able to access care from more than one million health care providers and 7,500 hospitals nationwide within the Aetna Signature Administrators PPO network. Access to this network will enhance the competitiveness of Assurant Health for individuals, families and small groups. In addition, Aetna will provide utilization and case management services to Assurant members and share risk as part of a reinsurance agreement.

“This partnership with Aetna reaffirms the commitment of Assurant Health to ensuring our customers can access high-quality, affordable health care coverage,” said Adam Lamnin, president and CEO of Assurant Health. “This is great for our customers and exciting for Assurant Health as we strengthen our position as a leading provider of individual and small group major medical insurance in the United States.”

The multi-year agreement provides access to all current and future Assurant Health major medical individual and small group policyholders.

“Through Aetna Signature Administrators, members can gain access to a strong nationwide network of health care providers and important medical management services,” said Ralph Borzillo, President of the Aetna Signature Administrators business. “We are excited to provide these critical services to Assurant Health’s members.”

About Assurant HealthAssurant Health is the brand name for a family of health insurance products focused on providing a variety of affordable plan choices to consumers. The portfolio of health care products includes major medical, supplemental and fixed-benefit plans for individuals, families and small employers. Assurant Health is committed to providing access to convenient health care delivery, easy-to-understand products and value-added services that help customers better manage their health care dollars and get the most out of their coverage—ultimately seeking to protect not only financial security but also the health and well being of its customers. Assurant Health’s products are underwritten and issued by John Alden Life Insurance Company, Union Security Insurance Company and Time Insurance Company, which has been in business since 1892. Headquartered in Milwaukee, Assurant Health employs approximately 2,000 employees.www.assuranthealth.com

Assurant Health is part of Assurant, a premier provider of specialized insurance products and related services in North America and select worldwide markets. Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange and has approximately $27 billion in assets and $8 billion in annual revenue. www.assurant.com

About Aetna Signature AdministratorsAetna Signature Administrators provides access to a national PPO network, medical management services and stop loss or reinsurance coverage to third party administrators and health plans.

SOURCE Assurant Health

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