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Aetna Funding Advantage News for Small Groups

Aetna is offering a 15-month contract again for December 2019/January 2020. This applies to new Aetna customers, along with current AFA clients that renew in December 2019/January 2020!

That means your clients can experience the savings of a self-funded plan in addition to 15 months of stable monthly payments. And this year, we’re offering the 15 month contract offer in 25 markets.
 
The new AFA extended contract:

  • Offers a 15 month AFA contract
  • Applies to new and renewal AFA small group clients with 12/1/19 and 1/1/20 effective dates
  • Moves your client to a March 1, 2021 or April 1, 2021 anniversary date
  • Available in AZ, CO, FL, GA, IA, ID, IL, KS, KY, LA, ME, MI, MN, MO, MS, NE, NJ, NV, OH, OK, TN, TX, UT, WI and WY

Please make sure to request your underwritten proposal with a 15 month contract.

Upcoming deadlines for new business for all size AFA groups

Don’t forget, our effective dates deadlines are approaching quickly.  To help you stay on track, below are our new business submission deadlines:

Effective Date             Sales Notice Submitted          All Required Docs Submitted

October 1                    10/2/2019                               10/7/2019

November 1                11/1/2019                               11/5/2019

December 1                12/2/2019                               12/5/2019

January 1, 2020           1/2/2020                                 1/6/2020

1095-B Tax Forms Are On Their Way

Just a reminder that Aetna will be sending out 1095-B 2019 tax forms for Aetna Funding Advantage groups (who have not opted out) with 5 to 50 employees.

Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance. 

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Source: Aetna

2024