CID: Health Insurance Rate Filing - Aetna Life Insurance Company (Large Group, Grandfathered Plans)

Health Insurance Rate Filing - Aetna Life Insurance Company (Large Group, Grandfathered Plans)



Rate request: 9 percent increase

Decision: Under Review

Public Comment Period: July 7, 2015 to July 27, 2015

On June 26, 2015, Aetna Life Insurance Company filed a rate increase request of 9 percent on its Essential Premier Health Insurance plans. The plan is only available to members of the American Association of Retired Persons (AARP) as part of a group association trust. It is no longer marketed for new sales in Connecticut.

These plans are grandfathered under the federal Affordable Care Act, meaning they 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.

The company said the proposed rate increase reflects an increase in the cost of medical services and demand for those services. Aetna calculates “trend” – the impact of those factors – to be about a 9 percent increase on premium rates.

If approved, the new rates would take effect on January 1, 2016 for 150 policyholders in Connecticut.



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


Content Last Modified on 7/6/2015 4:08:53 PM