Health Insurance Rate Filing - Aetna Life Insurance Co. (Individual-Grandfathered)
Rate request: 6.6 percent increase
Decision: Under Review
Public Comment Period: April 23, 2014 to May 12, 2014
On April 14, 2014, Aetna Life Insurance Co. submitted a rate filing for a proposed 6.6 percent increase on individual major medical plans that are grandfathered under the federal Affordable Care Act.
Grandfathered status means the plans were marketed before March 23, 2010, the date the ACA was enacted, and do not have to comply with the ACA mandates if there have been no major changes to coverage or benefits since then.
Aetna reports there are 2,563 of these grandfathered policies currently in effect in Connecticut.
In its filing, the company said it is seeking the increase to account for ACA taxes and fees and the Connecticut exchange user fee.
If approved, the new rates will take effect on August 1, 2014.
Content Last Modified on 4/22/2014 5:01:03 PM