Accendo is a name attached to a few different businesses, most notably in finance and insurance. This article will cover Accendo Capital and Accendo Insurance Company to help you understand the differences. Keeping these differences in mind is important for doing your research.
Accendo Capital: Active Ownership in Northern Europe
Accendo Capital is an investment firm that focuses on publicly traded companies in Northern Europe. They aim to increase shareholder value through what they call “active ownership,” with a particular emphasis on technology-driven companies.
Accendo’s key objectives are to improve a company’s strategic clarity, financial transparency, and alignment of interests. They identify potential portfolio positions through in-depth analysis and collaborative engagement.
In short, Accendo operates as an activist investor, using its ownership stake to influence the direction of the companies in which it invests.
Accendo Insurance Company: Medicare Supplement Plans
Accendo partners with Aetna to offer Medicare Supplement plans, also known as Medigap. These plans help cover the costs that Original Medicare doesn’t, like coinsurance, copays, and deductibles.
Accendo offers a 14% household premium discount in 15 states, and the plans give you access to a large network of doctors and other healthcare professionals.
Coverage is available in many states, and you can find contact information on their website to get a quote.
Frequently Asked Questions
Are Accendo and Aetna the same company?
Not exactly. Accendo Insurance Company is actually a subsidiary of CVS Health, operating under the Aetna brand. So, while they aren’t exactly the same, Accendo leverages Aetna’s established network and resources to offer its Medicare Supplement plans.
What happened to Accendo?
Accendo Insurance Company is still around and continues to offer Medicare Supplement plans! Aetna acquired Accendo (which was previously known as Continental Life Insurance Company of Brentwood, Tennessee) in 2012. The company is not writing new policies currently. Policies that are existing will continue to be honored.
Is Accendo a good Medicare Supplement option?
Whether Accendo is a “good” option depends on your individual needs and circumstances. Accendo, backed by Aetna’s resources, offers a variety of Medigap plans. It’s crucial to compare the premiums, coverage levels, and any extra benefits offered by Accendo against other Medigap providers in your area to determine the best fit for your healthcare needs and budget. It’s always a good idea to speak with a licensed insurance agent to get personalized advice.
Conclusion
Accendo is a name that belongs to two completely different companies: Accendo Capital, an investment firm focused on Northern Europe, and Accendo Insurance Company, which offers Medicare Supplement plans.
Before you dig any deeper, make sure you know which Accendo you’re interested in.