Bank of America

Bank of America Launches Innovative Approach to Managing Health Care

Published in Health Insurance Week, April 27th, 2008

Bank of America (NYSE:BAC) believes choosing and managing health care and insurance benefits should be a much easier task for the bank's associates and the company. The bank is taking steps to improve service, reduce paperwork and costs, and give associates more flexibility in the way they choose and pay for health care.

The bank will consolidate health and insurance benefits under one carrier; simplify its medical plans; give the majority of plan participants new, company-funded health care accounts to pay for out-of-pocket medical expenses; and offer improved financial support for new parents, child care and ongoing education beginning in 2009.

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Source: Health Insurance Week (2008-04-27)

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