TribLIVE

| Business


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

Aetna wants to raise rates on HMO plans for individuals

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

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.

Subscribe today! Click here for our subscription offers.

 

 

 


Show commenting policy

Most-Read Stories

  1. Federal, Indiana authorities raid home of Subway spokesman
  2. Starkey: Burnett writing incredible final chapter
  3. New Kensington residents furious over road conditions
  4. Crazy Mocha owner likes comfort, says shrewd decisions foster growth
  5. 6 PSU, Pitt, WVU players on watch lists for Maxwell, Bednarik awards
  6. Alvarez’s walk-off single lifts Pirates over Padres
  7. Living Treasures animal park plans upset Liberty residents
  8. Fox Chapel’s McCrady to play lacrosse at Brown
  9. Pirates notebook: Four players selected for All-Star Game
  10. Fire destroys unoccupied Fayette home
  11. Pair charged with prostitution-related offenses in South Greensburg