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Global Renewal FAQ
Broker Guide for Renewals Q: When are the renewals released? A: Aetna releases their renewals approximately 75 days prior to the group’s effective date. Q: Do they need to sign anything to renew? A: Yes, signed paperwork is required to renew the ...
Annual Renewal
Your anniversary date will be 12 months after your original effective date. It is on this date that you will receive your annual renewal from Aetna. The annual renewal period is the time of year when you and your employees can reevaluate your health ...
Non-Renewal of Coverage
Aetna reserves the right to terminate the group health benefits plan for reasons including, but not limited to, the following: • Material misrepresentation • Non-payment of premium • Failure to meet the minimum contribution and/or participation ...
Domestic Out of Pocket Deductible Credit
What is Out of Pocket (OOP) Deductible Credit? Deductible credit and Coinsurance (Out of Pocket) credit applies to calendar-year plans for group-to-group takeover for individuals on the prior group plan, for overlapping benefit periods. It is the ...
Cancelling Group Coverage
Renewal policy cancellations require written notification on company letterhead of intent to cancel within 30 days of the renewal. Cancellations other than at renewal also require 30 days advance notice on company letterhead. If advance notice is not ...