Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Health Insurance > Health Insurance

Aetna confirms NY exchange withdrawal

By Allison Bell

X
Your article was successfully shared with the contacts you provided.

Aetna Inc. has made its decision to stay out of the New York state public exchange in 2014 official.

The company has put out a statement confirming its withdrawal from the Empire State’s exchange program.

Aetna will continue to sell small-group, large-group and individual exchange products outside of the state’s exchange market, the company said. 

“We will look to expand our presence,” Aetna said.

Aetna earlier announced decisions to stay out of the 2014 public exchange plan menus in Georgia, Maryland, Ohio and its home state of Connecticut.

New York state left the company out of a list of exchange plan issuers it released earlier this month.

Aetna filed several exchange participation applications in April. Since then, Aetna decided to participate in the exchanges in which it believes it can be most competitive, the company said.

“We believe it is critical that our plans not only be competitive, but also financially viable,” Aetna said.

See also:

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.