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Aetna withdrawing from Colorado individual health insurance market effective 2/1/11
Aetna Advantage Plans for Individuals, Families and the Self-Employed
Aetna no longer offers Aetna Advantage Plans for Individuals, Families and the Self Employed plans in Colorado.
We will continue to offer AARP® Essential Premier Health Insurance Plans, insured by Aetna in Colorado.
Note: As of October 1, 2010, Aetna Small Group (2-50) no longer offers products in the Colorado market.
Why are we making this change?
After reviewing our portfolio of Individual health insurance plans in Colorado, we determined we can no longer meet the needs of our customers while remaining competitive in the individual health insurance market.
While this decision was not easy, a number of factors were considered before making this important decision. In keeping with the best interests of our customers, we believe there are other insurers who can better meet their needs.
Impacting to existing members
Existing individual health insurance plans will receive one final renewal period. Depending on the plans’ renewal dates, some existing plans may not receive a full 12 month coverage period on renewal.
Plans with anniversary dates on or between February 1, 2011 and July 31, 2011
We will renew each plan for a further twelve (12) month period and coverage will cease at the end of the renewal period.
For example, if a plan’s anniversary date is on April 1, 2011, there will be one further renewal period of twelve months and coverage will end on March 31, 2012.
Plans with anniversary dates on or between August 1, 2011 and January 31, 2012
We will renew each plan until July 31, 2012. Effective August 1, 2012, all coverage under the plans will end.
For example, if a plan’s anniversary date is on September 1, 2011, the plan will receive one further renewal until July 31, 2012.
How will individual pre-65 members be notified of this change?
All existing policyholders will be notified by mail on or about February 1, 2011.
While we will continue to administer their individual health plan for at least another year, policyholders are strongly encouraged to seek alternative health insurance coverage prior to their policy termination date indicated above.
We appreciate your understanding regarding this decision.
Have a question? Email the Aetna Broker Sales Support team at [email protected]. Please do not reply to this email as we are unable to respond from this address.
This information is intended for brokers only. Aetna Advantage Plans for Individuals, Families and the Self-Employed are underwritten by Aetna Life Insurance Company (Aetna) directly and/or through an out-of-state blanket trust or Aetna Health Inc. In some states, individuals may qualify as a business group of one and may be eligible for guaranteed issue, small group health plans. To the extent permitted by law, these plans are medically underwritten and your client may be declined coverage in accordance with their health condition. 1/11
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