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ABOUT CONTACT SBE479 In a dramatic move, Aetna Announced: Aetna is PULLING OUT of the New Jersey Small Group Health Market (this applies to employer groups with under 100 employees). YES YOU CAN STILL KEEP AETNA AND ACTUALLY SAVE MONEY In a dramatic move, Aetna announced,they are pulling out of New Jersey small group benefit market (plan with under 100 employees). Effective 2018, existing customers will need to look for an alternative. Aetna and also filed in the State of Connecticut for up to a 31.6% rate increase for small groups. It is also expected that Aetna will raise rates dramatically in the small group market ( under 100 employees) for groups written directly or through brokers in the State of New York. CLICK TO FIND OUT MORE→ Top Questions Trending Q: What does this means to our company and our employees? You have two choices: 1.In some cases you can stay with Aetna The good news is – Aetna is encouraging employers to join their larger buying groups. These groups are federally qualified under the IRS code section 479 but have the right to reject companies from joining the risk pool. Under the ACA, carriers had to accept all risks regardless of demographics, industry, or history. Under the provisions of Section 479 a Buying Group can select the risks it allows to enter the pool – therefore Aetna can remain competitive. These buying groups have been growing before this and now have over 130,000 employer members. This may the right time to explore your firms eligibility to join one of these groups. In general firms that are selected to join receive substantial savings on medical rates, along with richer medical plans, and also receive as part of their bundle of benefits - HR support, a robust technology platform and true ACA compliance. 2.Be ready to find another Carrier. We can help you there too. CLICK TO FIND OUT MORE→ SBE479 , All rights reserved 2016 © SBE479.ORG | Sirrus | The Cloud, New York 11598 United States Unsubscribe