On August 15, 2016, Aetna announced that they are scaling back their participation in the Affordable Care Act marketplace. This decision means that Aetna will no longer sell individual marketplace plans in 11 states, including Pennsylvania. This does NOT affect individuals with plans outside the marketplace, such as Medicare enrollees or individuals with individual or group insurance purchased outside of the marketplace. Aetna will cease participating in these states in 2017. Consumers who are enrolled in Aetna insurance for 2016 will continue to have coverage for the rest of the year. They will have the opportunity to choose a new plan when open enrollment begins in November.
* Aetna Press Release on Decision
* How to seek the best healthcare coverage for your needs
Advisor News
- Addressing the ‘menopause tax:’ A guide for advisors with female clients
- Alternative investments in 401(k)s: What advisors must know
- The modern advisor: Merging income, insurance, and investments
- Financial shocks, caregiving gaps and inflation pressures persist
- Americans unprepared for increased longevity
More Advisor NewsAnnuity News
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Monday Session
- Aspida Life and WealthVest Offer a Powerful New Guaranteed Income Product with the WealthLock® Income Builder
- Lack of digital tools drives wedge between insurers, advisors
- LIMRA: Annuity sales notch 10th consecutive $100B+ quarter
- AIG to sell remaining shares in Corebridge Financial
More Annuity NewsHealth/Employee Benefits News
- Baystate, Mercy advocate takeover as public worries about ER waits, delivery rooms, Medicare
- Kansas state employees retain choice of Blue Cross, Aetna for health insurance
- Rob Sand unveils water quality, public health plan
- Mark Farrah Associates Assessed Year-End Health Insurance Segment Membership Trends
- Symetra Names Jeff Sealey Vice President, Stop Loss Captives
More Health/Employee Benefits NewsLife Insurance News
- Symetra Names Jeff Sealey Vice President, Stop Loss Captives
- 3 ways AI can help close the gap for women’s insurance coverage
- Best’s Market Segment Report: AM Best Revises Outlook on Italy’s Life Insurance Segment to Stable From Negative
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Monday Session
- Dan Scholz to receive NAIFA’s Terry Headley Lifetime Defender Award
More Life Insurance News