Aetna worked with the California Department of Insurance to reach an agreement on a rate adjustment that will be implemented for Aetna's Small Group customers enrolling or renewing in an Aetna Managed Choice® or Open Choice® PPO plan from July - September 2011.
Due to the rate adjustment, the premium amounts reflected in your new business quote or renewal will be reduced for the Managed Choice and Open Choice PPO plans. The HMO rates will remain the same. Aetna is currently updating the quoting and billing systems to reflect this adjustment.
Further items to keep in mind:
- New groups approved and installed by Aetna prior to July 7th will receive the new rating adjustment no later than the September bill.
- New groups approved after July 7th will receive the rating adjustment at the time the group is approved.
- Since renewals for July, August, and September have been mailed in order to ensure the 60-day notification, groups renewing within these months will see updated rates with a premium credit on their September bill.
- Updated small group rates are viewable at the below links: - Managed Choice / Open Choice PPO July 2011 - September 2011
- HMO July 2011 - August 2011
- HMO September 2011*
*Additional plans have received rate reductions in certain rating areas.
- Aetna will be sending a letter to the impacted groups notifying them of the rate adjustment.
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