CID: Health Insurance Rate Filing - Aetna Health Inc. (CT) - Large Group HMO

Health Insurance Rate Filing - Aetna Health Inc. (CT) - Large Group HMO

Rate request: 1.7 percent increase

Decision: Under Review

Public Comment Period: January 9 through January 29, 2016

On January 4, 2016, Aetna Health Inc. filed a request to increase rates 1.7 percent on its large group health insurance policies for employers with 51 or more workers.

There are 54 policies in force in this block of business that provide coverage for about 2,000 employees and their dependents.

In calculating the rates, the company noted it was factoring in impact of medical inflation, known as “trend,” which takes in to account the increase in medical costs and the demand for medical services. The company calculated a trend impact of 8.3 percent for medical services and 10.7 percent for pharmacy costs. The new rate also reflects changes in benefits and, based on the experience of past years, a downward adjustment in what the company expects to pay in claims costs for the coming year.

If approved the new rates would take effect for policies issued or renewed on or after March 1, 2016.


Find the filing, brief summary and public comment section here at Health Insurance Rate Filings

Content Last Modified on 1/8/2016 2:59:00 PM