Aetna and Allstate Benefits Form Strategic Alliance to Offer Financial Protection Plans to Aetna Clients and Members (AET, ALL)

Aetna AET and The Allstate Corporation ALL today announced a strategic alliance that will provide Aetna clients and members with greater access to financial protection plans. Through this agreement, Aetna expects to offer Allstate Benefits' voluntary Critical Illness Plans and Accident Plans starting in the third quarter of the year. Allstate Benefits plans can help cover out-of-pocket health care expenses that members may face as the result of a serious injury or a major illness. In addition, individuals who could lose income from missing work and may need additional financial support have the flexibility to use their benefits to pay for everyday expenses, such as rent or mortgage payments, daycare or utility bills.