2-50: Aetna's July 2011 Rate and Portfolio Update

May 05, 2011

Aetna Small Group
July 2011 Rate Adjustments

Aetna Small Group has announced their July 1, 2011 rate increases and portfolio updates. Read on for the details.

RATE ADJUSTMENTS (effective April 1-June 30, 2011)

Minimal increases, due to trend, are being implemented. Adjustments were also made to specific plans, as outlined below.

Advantage Value Network (AVN) Plans:

No rating increases in Rating Areas 1, 2, 4, 5, 6

Managed Choice (MC) Plans:

MC $2500 plan: An additional increase was applied to Rating Areas 1, 3, 5, 7, 9
MC $3500 plan: Rates were lowered between 5-9% in ALL Rating Areas
MC $10000 plan: An additional increase was applied to Rating Area 7

Rating Area Changes:

No rating area changes will be implemented for July 2011 effective dates

MEDICAL PORTFOLIO UPDATE
Due to the popularity and success of Aetna's HMO Deductible plan, a new HMO Coinsurance 70% plan is being introduced to new and renewing groups for July 1, 2011 effective dates. No other benefit changes will be implemented for July 1, 2011 effective dates.

Features of the HMO Coinsurance 70% include:

Utilizes HMO deductible network
$0 plan deductible
$40 PCP copay; $50 Specialist copay
Office visits, Lab & X-ray, and Pharmacy covered at copay level
Certain services are covered at a 70% coinsurance level
Priced lower than the HMO Deductible plan (in most Rating Areas)
Click here
to view the plan summary

Please contact any member of your b&p Sales Team for assistance with quote requests and questions regarding the details above.