Aetna and Allstate Team Up to Offer Financial Protection Plans

Through this agreement, Aetna expects to offer an Allstate Benefits voluntary Critical Illness Plan and an Accident Plan starting in the third quarter of the year. The Critical Illness Plan pays benefits directly to members diagnosed with a major illness, including heart attack, stroke and cancer. The Accident Plan pays benefits directly to members for death, dismemberment or injury caused by a covered accident on or off the job.   

“For employers, voluntary plans broaden their benefits offering and provide employees with important financial protection benefits without incurring additional direct costs,” said James Reid, head of Aetna Voluntary Plans, in a press release. “Voluntary plans also offer the power of choice, allowing members to customize their benefits package to meet their unique needs.”