Bank of America said today that it will consolidate almost all of its health and insurance plans for 150,000 employees under Aetna Inc. starting next year, a major contract win for the Hartford-based insurer.
As part of the change, Bank of America will put $600 to $1,200 every year into health care accounts for employees who earn less than $100,000. The employees can use the money to pay for health care expenses not covered by insurance, such as deductibles and co-pays.
It also plans to boost paid maternity, paternity and adoption leave to 12 weeks, and add to the reimbursement available for employees who enroll in job- and degree-related coursework. (AP)Â
