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Bank of America Launches Innovative Approach to Managing Health Care
Date:4/10/2008

Most Associates Will Get New Health Care Accounts on Top of Medical

Coverage

CHARLOTTE, N.C., April 10 /PRNewswire/ -- 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.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b )

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.

"Bank of America is committed to helping our associates and their families receive the health and life management benefits they need," said Steele Alphin, Bank of America chief administrative officer. "Our new programs are responsive to their feedback, help Bank of America and our associates better manage the cost of health care and provide added financial support through improved parental leave, childcare and tuition programs."

Aetna (NYSE: AET) will be the primary provider of health and insurance benefits for Bank of America beginning Jan
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SOURCE Bank of America
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