HARTFORD, Conn., and CHARLOTTE, N.C., Nov. 16 /PRNewswire/ -- Aetna and Bank of America have teamed up to develop the Aetna Healthy Living(TM) credit card for Aetna's medical, dental, pharmacy and behavioral health members. The innovative credit card, available later this year to qualifying Aetna members, is a rewards-based credit card that facilitates payment of out-of-pocket medical expenses as well as everyday purchases while promoting healthy living at the same time. The Aetna Healthy Living credit card offers a variety of unique features including a rewards program based on Bank of America's WorldPoints platform.
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"As consumers are taking more responsibility for health care decision- making and spending, they are looking for convenient ways to manage their health care dollars. With this card, Aetna is bringing its strong track record in consumer-directed health plans together with an innovative approach to help consumers manage the cost of their health care and facilitate payments to health care professionals," said Mark Bertolini, executive vice president, Aetna Regional Businesses.
Aetna members who apply for and are issued the Aetna Healthy Living credit card will have access to a base rewards program that offers one point for every qualifying retail dollar charged to the card and access to a wide variety of redemption options. Additionally, Aetna Healthy Living credit card members will be rewarded with the following unique features that provide incentives for healthy living.
* Earn 3 points for every $1 spent on certain health-related purchases including hospital treatments, doctor and dentist charges, sporting goods stores, fitness and weight loss centers, vitamin stores and more. * Receive an exclusive 10 percent point redemption discount on dozens of health-related items - gym equipment, spa set, bicycles, blood pressure monitors and more from the WorldPoints catalog. * Redeem points in the form of statement credits that can help pay for medical copayments made with the Aetna Healthy Living credit card. * Redeem points for cash rewards that can be used to help pay for health care and other expenses, or deposited to a checking account or a Health Savings Account.
In addition to these features, Aetna and Bank of America plan to introduce additional health-focused reward opportunities. The credit card is currently available to Aetna's Small Group customers and will be expanded to other customer groups in 2007.
According to Bruce Hammonds, president, Bank of America Card Services, "We are very focused on the health care sector and are proud to partner with Aetna on such an innovative program. This further demonstrates the commitment that Bank of America brings to the health care arena."
For additional information about the Aetna Healthy Living credit card program, call Bank of America at 1-866-626-6262.
About Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 55 million consumer and small business relationships with more than 5,700 retail banking offices, more than 16,700 ATMs and award-winning online banking with more than 20 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 150 countries and has relationships with 97 percent of the U.S. Fortune 500 companies and 80 percent of the Global Fortune 500. Bank of America Corporation stock is listed on the New York Stock Exchange.
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About Aetna
Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 29.8 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans and government-sponsored plans. http://www.aetna.com/
NOTE: The Aetna Health Living rewards credit card is a personal credit card for which the Aetna member is personally liable. Neither Aetna nor the Aetna member's health plan sponsor (if applicable) is responsible for satisfying any credit incurred by the Aetna member with the card. In addition, the card is not issued solely because the individual is an Aetna member. The Aetna member must apply to Bank of America for the card and the card will only be issued to the Aetna member to the extent that the member satisfies Bank of America's standard credit approval requirements. Moreover, Bank of America has no access to the Aetna member's health plan information.
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