Aetna, a CVS Health company, has launched a new health plan called SimplePay Health, aimed at providing self-insured clients with an innovative, cost-effective, and straightforward healthcare experience. SimplePay Health focuses on reducing healthcare costs, improving outcomes, and offering an easier way for members to navigate their healthcare options.
Key features of SimplePay Health
• No Deductibles or Coinsurance: Members pay only a copay for all covered services.
• Upfront Cost Transparency: Members know the exact cost of care before receiving treatment.
• Bundled Payments: The copay covers all related services, from admission to discharge.
• 0% Interest Payment Option: Members can pay their healthcare balance over time with no interest.
Simplified billing and provider selection
SimplePay Health offers a single, easy-to-read monthly statement summarizing all medical and pharmacy claims. There are no confusing bills or Explanation of Benefits (EOBs), making it easier to manage payments. Additionally, members can use an app to search for and select providers ranked by quality and efficiency, helping them find the best care at the lowest cost.
Aetna’s commitment to simplifying healthcare
SimplePay Health has already demonstrated success, with a 60% increase in the use of top-quality providers and a 12% reduction in care costs for employers and members. Aetna’s goal is to create a seamless, transparent healthcare experience, providing members with the tools and resources they need to make informed healthcare decisions.
