Aetna sets goals on increased plan expansion
Compliance Monitor, September 15, 2004
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Aetna announced September 13 that it plans to continue offering Individual Medicare Advantage plan options in five states in 2005, remaining in all of the markets it served in 2004, pending federal approval.
In addition, Aetna, based in Hartford, CT, plans to expand into four new counties- three in New Jersey and one in Maryland-and will make new types of plans available in five existing counties.
Once the plan gets approved by CMS, Medicare beneficiaries will have the option of choosing from different plans and plan levels, providing greater choice in benefits and cost options, the company says.
"Aetna is continuing, and strengthening, its participation in the Medicare Advantage program in 2005," said Frank G. McCauley, head of Aetna's Medicare business segment. "We are committed to offering a broad portfolio of health benefits solutions for retirees, and we are pleased to have the opportunity to expand our coverage into four new counties, as well as offer new product options for beneficiaries to choose from next year."
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