TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Aetna wants to raise rates on HMO plans for individuals

AET $48.61 +$0.27

at close on WEDNESDAY

Daily Photo Galleries

Wednesday, Jan. 23, 2013, 3:48 p.m.
 

Aetna Inc. plans to raise rates on its individual HMO plans in Pennsylvania by double digit percentages this year, the Connecticut-based health insurer said.

The rates will increase an average of 16.3 percent and could impact 15,500 policyholders. The changes could range from no increase to a hike of 18.1 percent.

Aetna filed its new rates for policies that renew or start between May and December with the state Insurance Department, which can approve, reject, or modify the new rates. If the department takes no action by April 4, the new rates will automatically take effect.

Aetna said the rate hikes are needed because medical costs are rising. The company expects a 13 percent increase in costs as medical providers are raising prices and because Aetna members are using more medical services.

Add Alex Nixon to your Google+ circles.

 

 

 
 


Show commenting policy

Most-Read Stories

  1. Unlike years past, strength of 2014 Steelers could be offense
  2. Steelers notebook: Polamalu made 1st-time captain; Roethlisberger named for offense
  3. Pirates lose on late Cardinals rally
  4. Steelers receiver Heyward-Bey looks to make most of chance
  5. Democratic gubernatorial nominee in spotlight at Labor Day Parade
  6. Steelers formalize practice squad
  7. Pirates notebook: Sanchez returns to Bucs in offensive slump
  8. Steelers know fast start could be key to upcoming season
  9. Family of Children’s Hospital transplant baby urges feds to change cochlear implants policy
  10. Afghan power-sharing deal breaks down
  11. FBI investigates celebrities’ nude photo claims
Subscribe today! Click here for our subscription offers.