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. Polamalu enters training camp as Steelers’ longest tenured player
  2. Starkey: Pirates, Burnett could work again
  3. Phone scam from Jamaica reported in Allegheny County
  4. Developer pursues application for Strip District apartments
  5. Pirates notebook: Phillies’ Burnett not demanding trade
  6. Selig: Pirates’ rebirth a positive step for baseball
  7. Fire forces North Side residents from apartments
  8. Bacteria found in bread factory not a health hazard, company says
  9. Drive-thru window sees major change at Monroeville fast-food restaurant
  10. U.S. proposes tougher rules for moving crude oil, ethanol by rail
  11. Police charge women with theft and fraud; one at large
Subscribe today! Click here for our subscription offers.