Statewide Collaboration with Aetna and Vanderbilt Health Affiliated Network
Nashville, TN (Oct. 19, 2020) – The Tennessee Chamber of Commerce & Industry today announced a new collaboration with Aetna®, a CVS Health® company, and the Vanderbilt Health Affiliated Network (VHAN) which is providing small businesses access to Aetna Funding Advantage℠ self-funded health plans at a significant discount. The plan, known as TN Chambers Health, will leverage the trusted, local healthcare providers that are part of the Vanderbilt Health Affiliated Network across Tennessee to care for plan members. Member small businesses that are part of any chamber of commerce in Tennessee may request a quote by insurance agents across the state.
TN Chambers Health offers businesses with 2 to 100 full-time eligible employees an average annual discount of $144 per employee*. For a chamber business with 10 enrolled employees, that’s an average savings of about $1,440 a year. Designed with small businesses in mind, Aetna Funding Advantage offers many benefits including digital enrollment and a benefit administration platform, Attain by AetnaSM app and free fitness classes through Peerfit®. When a claim is lower than expected, the business has the potential to get that money back, increasing their savings potential.
“We are truly proud to announce what so many small businesses all across our great state have asked for, more affordable health insurance options. Partnering with Aetna and the Vanderbilt Health Affiliated Network, we are proud to launch TN Chambers Health and leverage the networks of local chambers of commerce across the state to connect businesses to this important new solution,” said Bradley Jackson, President, Tennessee Chamber of Commerce. “We frequently hear what a challenge affordable health coverage is for small business. This plan is a great opportunity for both chambers of commerce across our great state and their business members to obtain quality healthcare coverage and receive a sizeable discount for being a chamber of commerce member.”
Jim Bostian, Aetna’s market president in Tennessee said, “Joining together with the Tennessee State Chamber provides an opportunity to support local small businesses by offering innovative and affordable health care benefit options through Aetna Funding Advantage. In addition to our standard plans, we have a long-standing collaboration with Vanderbilt Health Affiliated Network via our Aetna Whole Health product that has proven significant savings and value for businesses. It is a powerful solution for managing health care costs and helping people on their path to better health, and thanks to this new TN Chambers Health relationship, Aetna Whole Health is a valued health plan option for chamber members.”
“We founded the Vanderbilt Health Affiliated Network more than 8 years ago to create opportunities like TN Chambers Health,” said David Posch, Executive Director of the Vanderbilt Health Affiliated Network. “When a high-performing provider organization like VHAN is the engine inside, we’ve proven that businesses and their employees can receive high-quality, coordinated care at an affordable price. We’re proud to be powering this new health plan solution for companies at a time when they need it most.”
Qualifying chamber employers may contact their insurance broker for a quote. You can also visit www.discoveraetna.com/afa.
About the Tennessee State Chamber of Commerce
Founded in 1912, the Tennessee Chamber and the Tennessee Manufacturers Association is Tennessee’s most prominent statewide business and manufacturing trade association. With a commanding statewide presence of business leaders and local chambers of commerce throughout the Volunteer state, the Tennessee Chamber is a driving force for business policy and economic prosperity in Tennessee and is the official state affiliate of the U.S. Chamber of Commerce, the National Association of Manufacturers, and the American Chemistry Council. For more information, visit www.tnchamber.org.
About the Vanderbilt Health Affiliated Network
The Vanderbilt Health Affiliated Network is a collaborative partnership of physicians, health systems and employers driving a new level of clinical innovation and teamwork to enhance patient care, contain costs and improve the health of communities in Tennessee and surrounding states. The network is the region’s largest physician-led alliance of healthcare professionals. VHAN includes more than 6,000 providers, 70 hospitals, 13 health systems, and hundreds of physician practices and clinics. Learn more at VHAN.com.
Aetna, a CVS Health company, serves an estimated 34 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans, and medical management capabilities, Medicaid health care management services, workers’ compensation administrative services and health information technology products and services. Aetna’s customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, visit www.aetna.com and explore how Aetna is helping to build a healthier world.
*Savings of an AFA plan versus a comparable ACA plan, based on Aetna Book of Business analysis. Terms and conditions apply to the discount on group administrative fees. To qualify for a discount your group must meet all underwriting and eligibility requirements. For groups not currently on AFA, discount is only available if your company is a participating Tennessee Chamber business. Groups that currently have AFA that are a participating Tennessee Chamber business are only eligible for the discount on renewal. The discount program may be modified or canceled at any time, without notice. The 2% discount is an average. If administrative fee is lower than discount amount, then full discount may not be applied.