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1-100: Aetna Reduces HMO Rates for 4th Quarter
Sep 28, 2016
Updated rates for Aetna CA Small Group
Aetna recently implemented a 0.7% reduction to the 4th quarter rates in all 19 rating areas for our CA Small Group customers enrolling in or renewing Aetna HMO networks and plans, including HMO plans offered on CalChoice from October - December 2016.
Due to the timing of the 0.7% rate reduction for the Aetna HMO plans, October and November renewals will be reprocessed to reflect the reduction to the renewal rates and mailed to customers. The December renewals reflect the updated HMO rates.
The rate reduction for groups renewing in October and November will be reflected on the December bill.
Groups renewing in October and November
- Because renewals for October and November have been mailed in order to ensure the 60-day notification, impacted groups renewing in this time frame will receive updated renewal packages and a letter (sent separately) outlining the rate changes. Brokers will also receive a copy of the revised renewal.
- Groups that have already submitted renewal changes to Aetna for October and November renewals do not need to send anything back to Aetna.
- Groups with an October renewal date will receive a premium credit for October and will be billed at the new rates on their December bill.
- Groups with a November renewal date will be billed at the new rates on their December bill. Brokers and groups will receive a letter and an updated renewal package by November 1, 2016.
Updated book rates are available on the beere&purves website in addition to below.
For questions, please contact a member of your b&p Sales Team - 888.722.3373.