Aetna's 2013 HSA Open Window

Oct 19, 2012

Consider making a change to a Health Savings Account (HSA)

You may have clients who have been considering making the move to offering a HSA plan to their employees. Last year, many clients chose to make the move off anniversary date to maximize the benefits of an HSA plan. And Aetna is excited to announce that they will be offering this option again this year.

In December and January, your clients may offer their employees currently enrolled in an Aetna plan the option to enroll in an HSA-compatible plan with January or February effective dates.

Due to SBC requirements Aetna must receive all requests 60 days in advance of the effective date.

Timetable

ReRequired paperwork received by 11/01/12 will receive a January effective date.
Required paperwork received by 12/01/12 will receive a February effective date.

For clients that decide to offer a HSA, the effective date will be the same as their current effective date. For example, if the client's effective date currently falls on the 1^st, they will choose the 1^st as the new effective date.

Employer application

Employers simply need to complete Sections 1, 2, 5 and 12 of a new Small Group Employer Application.

Employee application

Each employee enrolling in an HSA plan must complete a new Employee application.