Aetna International has revealed it is expanding in the Canadian health insurance market.
The international health benefits provider will offer tailored health insurance plans to employers with outbound and inbound Canadian travellers.
Aetna International’s healthcare plans will provide cover for everyone whether they qualify for provincial cover or not.
Tailored cover will be available for groups on a direct-sale basis, or through brokers or other intermediaries.
International members receive access to a large medical network in Canada through Aetna’s Ottawa-based partner, Cowan Insurance Group, including direct payment access to more than 30,000 physicians and hospitals providers and over 99% of pharmacies and dentists.
Aetna members also have access to over 1m providers in the US and some 120,000 throughout the rest of the world.
Toronto is the chosen site for the Aetna International office. The provider said additional offices are expected to be opened throughout 2017 and staff are actively being hired to fill key roles.
Aetna International president and CEO, Richard di Benedetto commented: “Canada is a natural step for Aetna International as we look to grow and develop the organisation around the world.”
di Benedetto added: “Our strong historical relationship with the Canadian health insurance industry has been evidenced by the warm and positive welcome received from the brokers we are talking to.”
Aetna International has cited data from research company Finaccord, which has forecast that 2.8% (1,615,800) of the 2017, worldwide expatriate population will reside in Canada.