In Wake Of Shipyard Fire Disaster, Aetna Waives Premium To Help Washburn & Doughty Associates

Aetna will waive one month of premium payment for the East Boothbay boat builders, and allow a 60-day deferral for two additional months

HARTFORD, Conn., August 06, 2008 — The only thing tougher than a Washburn & Doughty Associates tugboat may be the company itself. Before the disastrous fire that destroyed its shipyard was even fully extinguished, Washburn & Doughty, one of the biggest commercial boat builders in Maine, began working on plans to rise from the ashes and rebuild.

Eager to help support this special Maine customer, Aetna, (NYSE: AET ) which provides health coverage for 57 of Washburn & Doughty's employees and their families, announced today that it will waive one month of premium payment and allow the company to defer payment of two additional months of premium for 60 days.  

"Washburn & Doughty has been a good customer since January of 2005 and we are pleased to be able to step forward during this difficult time and provide this assistance regarding their health benefits, so the management team can focus on the work ahead to get their ship building operation back in business, and their employees back to work," said Dave Swords, Aetna's market head of sales in Maine. 

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




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