“We have been evaluating this arrangement for over a year as part of our strategy to strengthen our number one position in the marketplace,” said John Webb, head of Government and Business Alliances. “Overall, we feel that combining our capabilities with those provided through The Boon Group® will provide maximum choice and satisfaction for our customers nationwide."

SRC is one of the premier providers of limited benefits insurance plans, which can be valuable tools in helping employers, attract and retain talented employees. SRC’s product portfolio includes medical, dental, in-hospital cash, short term disability (STD), term life and vision options extended on a group basis to employees who are typically ineligible for company sponsored benefits. These employees are often paid an hourly wage, work on a part-time basis or participate during a waiting period for other employer-sponsored coverage. They also account for a sizable portion of the uninsured population in the U.S.

Through the agreement with The Boon Group®, SRC will now be able to offer:

• Products for Government Contractors tied to the Service Contract Act, Davis-Bacon Act, or similar state prevailing wage and local living wage laws
• Direct Billing
• “Hour Banking” capabilities for the Labor markets, where some employees have a predetermined hourly amount contributed to their health plan by their employer based on the number of hours they work each month.

“We are excited about the new market opportunities that our relationship with The Boon Group® provides,” said Mark Schmidt, President of SRC. “We look forward to continuing to provide employers with affordable health care options for their employees and addressing the needs of the uninsured.”

About Aetna
Aetna is one of the nation’s leading diversified health care benefits companies, serving approximately 37.2 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, governmental units, government-sponsored plans, labor groups and expatriates. www.aetna.com