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What is the difference between Continental Life Insurance and Aetna?

A:

Quick Answer

Aetna is a diversified health care benefits company that provides a wide variety of voluntary, traditional and consumer-directed health plans and products, according to its senior products website. Continental Life Insurance is a senior supplemental insurance business that was acquired by the Aetna group of companies.

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Full Answer

Aetna caters to around 44 million members who require pharmacy, medical, dental, disability and group life plans, reports Aetna. The company also provides Medicaid health care management services, behavioral health plans, medical management services, health information technology products and workers' compensation administrative services. Aetna serves individuals, employers, health care providers, government units and many other customer groups.

The Continental Life Insurance Company of Brentwood, Tennessee, also known as CLI, is a provider of life, health and Medicare supplement insurance, according to Aetna. Medicare supplement insurance policies are usually sold by private insurance businesses to fill in Medicare gaps that require members to pay out of their own pocket. Plan holders are not restricted by networks dictated by the insurance company, and members are not required to go through preapprovals or precertifications. CLI was under Genworth Financial when it was acquired by Aetna in June 2011. The company is now part of Aetna Senior Supplemental Insurance, which is headquartered in Nashville, Tennessee.

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