Health insurer Aetna and The Allstate Corporation, have entered into strategic alliance that will provide Aetna clients and members with access to financial protection plans.
Through this agreement, Aetna expects to offer Allstate Benefits’ voluntary critical illness plans and accident plans starting in the third quarter of the year.
Allstate Benefits plans can help cover out-of-pocket health care expenses that members may face as the result of a serious injury or a major illness.
In addition, individuals who could lose income from missing work and may need additional financial support have the flexibility to use their benefits to pay for everyday expenses, such as rent or mortgage payments, daycare or utility bills.
The Aetna-Allstate alliance will start with two products that will be available for most employers’ enrollment period in the fall: Critical Illness Plan and Accident Plan.
Allstate Financial president and CEO Matthew Winter said our strategic alliance with Aetna is a great opportunity for us to work with one of the nation’s major health care benefits companies.
Allstate Benefits president David Bird said this new relationship aligns well with Allstate Benefits’ strengths – our products, services and expertise in the voluntary benefits market.