Aetna Press Release:

Coventry Gives Iowa and Nebraska Businesses Access to New National Network Product

- Competitive point-of-service plan now features Coventry’s full national network --

Category:

Products and Services

Tuesday, April 1, 2014 8:00 am EDT

Dateline:

DES MOINES, Iowa & OMAHA, Neb.

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Public Company Information:

NYSE:

AET

"Wrapping our entire national network around our Iowa and Nebraska POS product will deliver an affordable new choice for customers who, until now, have had to choose a more expensive preferred provider organization (PPO) product for out-of-state network coverage"

DES MOINES, Iowa & OMAHA, Neb.--(BUSINESS WIRE)--

Coventry Health Care today announced a new solution that could significantly reduce health care premiums for Iowa and Nebraska businesses with employees in other states.

Effective April 1, all Coventry point-of-service (POS) plans in Iowa and Nebraska will include the Coventry National Network as a “wrap” around their current benefits. This means that members with POS plans will be able to access a national network of providers at preferred, in-network benefit levels. The change will be effective for both current and new customers.

“Wrapping our entire national network around our Iowa and Nebraska POS product will deliver an affordable new choice for customers who, until now, have had to choose a more expensive preferred provider organization (PPO) product for out-of-state network coverage,” said Dale Mackel, president of Coventry’s Iowa and Nebraska operations.

Members will receive new ID cards in April that will add the Coventry National Network logo to their ID card.

The Coventry National Network includes more than 700,000 care providers including 6,800 hospitals across the nation.

About Coventry Health Care of Iowa, Inc.

Coventry Health Care of Iowa, Inc. provides a range of traditional and consumer-directed health insurance products to employer groups, Medicare beneficiaries, individuals and families across the state of Iowa. Coventry Health Care of Iowa, Inc., an Aetna company, has served Iowans for over two decades and has an A.M. Best Financial Strength Rating of “A” (Excellent). The latest A.M. Best rating information is available at www.ambest.com.

About Aetna

Aetna is one of the nation's leading diversified health care benefits companies, serving an estimated 44 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities, Medicaid health care management services, workers' compensation administrative services and health information technology products and services. Aetna's customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com.