Aetna has announced its new solution for employers who provide retiree health benefits on a national basis, called the Aetna Medicare Open Plan.
The new plan provides national coverage for retirees and expands Aetna Medicare product offerings in service areas not already covered by Aetna Medicare Advantage HMO and PPO plans. The plan will be available to employers for January 2007, pending approval by the Centers for Medicare & Medicaid Services.
The Aetna Medicare Open Plan is a private fee-for-service Medicare Advantage plan. This means Medicare-eligible retirees who join a group plan may go to any licensed doctor or hospital that participates in Medicare and is willing to accept Aetna’s guidelines and terms for payment.