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Fiserv Health and Aetna help employers control health care costs

Initiative directed at employers with third-party health care admin.

Credit Pacific Service Union By WTN news • 08/18/04 WAUSAU, Wis. Fiserv Health announced Wednesday it has entered into an agreement with Aetna Signature Administrators to gain access to Aetna's PPO network and stop-loss services for the clients of Wausau Benefits, a Fiserv Health company. This initiative is directed at self-funded employers with 100 to 3,000 eligible employees who traditionally use third-party administrators.

With HSAs, employees will be more sensitive to health care costs, said Bachman. If people have more dollars in their hands to spend, they®e gong to be wise consumers of health care, he said. We' directed health care, added Sandy Lutz, research director at Health Research Institute. ticket services, such as physician office visits, will drop, according to the report.

Credit First Service Union Aetna will offer a package of stop-loss, PPO provider network and large claim medical management services to Wausau Benefits clients. Wausau Benefits will deliver customer services including sales, account management, claim processing and customer interaction. Wausau Benefits will also provide utilization, case and disease management programs as well. The Aetna Signature Administrators program will be available to customers with effective dates beginning Jan. 1, 2005.

The provincial or territory health insurance plans we all enjoy usually only cover a portion, if any, up to the amount it would have cost for the same emergency medical attention in your home province. Many emergency health care services outside of Canada cost much more than your provincial health insurance pays if they're covered. You will be responsible for paying the amount not covered by your province's health insurance plan. That's why, even your provincial health care plans often recommend you get private travel medical insurance when heading out of the country.

Card Credit Mobile Service "Combining the resources of Aetna and Fiserv Health provides self-funded employers another sound solution to controlling health care costs," said Jay Anliker, chief operating officer of Wausau Benefits. "This agreement clearly expands and leverages the capabilities of both companies into new but related markets."

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Card Credit Discover Service Wausau Benefits provides a single source for employee benefit plan administration, including health, dental, short-term and long-term disability claims. The company offers fully integrated pharmacy benefits and care management administration as well. Fiserv, Inc. acquired Wausau Benefits in 2003 as a part of the Fiserv Health Solutions Group. Wausau Benefits is accredited by URAC for Utilization Management, Case Management, Disease Management, HIPAA Privacy and Claim Processing. For more information about Wausau Benefits, visit www.wausaubenefits.com.

A. A Health Savings Account (HSA) is an account that works like an Individual Retirement Account (IRA), except the money saved is earmarked for future health care costs.

Credit Public Service Union Brookfield-based Fiserv provides information management systems and services to the financial industry, including transaction processing, outsourcing, business process outsourcing and software and systems solutions.

Currently, individual policies represent between 5 percent and 7 percent of the marketplace, said Bachman. That number could rise to as high as 50 percent within 10 years if HSAs transform the way most Americans buy health care, he said. In fact, if HSAs become an important part of the health care marketplace, Bachman said, employers may move toward a defined contribution approach to providing health care, deductible plans, combined with an HSA.

Card Credit Processing Service Aetna is a provider of health care, dental, pharmacy, group life, disability and long-term care benefits, with approximately 13.4 million medical members, 11.4 million dental members, 8.1 million pharmacy members and 12.6 million group insurance members.

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