HARTFORD, Conn. (AP) — Health insurer Aetna Inc. said Monday it will spend about $202 million to buy the account-based health plan administrator PayFlex Holdings Inc.
PayFlex provides administration services for plan sponsors that offer products like health savings, health reimbursement or flexible spending accounts. It also offers direct billing services for COBRA, the federal program that provides health insurance benefits for the unemployed.
Aetna Chairman and CEO Mark Bertolini said in a statement the deal boosts Aetna's ability to offer tools that help manage health care expenses.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.