Nov 21, 2022
Now Extended Through June 2023!
Your clients want to save money, and you want to make it happen for them. Aetna has extended their restructured Aetna Funding AdvantageSM admin fee credit program. Designed to save you time and save your clients more money, credits are no longer dependent on:
- What state the group is in (as long as it is an Aetna Funding Advantage state)
- What quoting method you use to write the case
Aetna Funding Advantage 2-100 administrative fee credit program
Aetna is letting you stack the credits that apply to your groups. You can add each of the below credits that applies to your client. However, you can’t add both the 51-100 new business credit and the level-funded incumbent credit. Groups will only get one of those two credits even if they qualify for both.*
| $300 General New Business Credit | $200 51-100 New Business Credit | $200 Level-Funded Incumbent Credit |
|---|---|---|
| $300 per enrolled for all Aetna Funding Advantage new businesses with 2 to 100 eligible. As long as the group meets other standard underwriting requirements, they get this credit | $200 per enrolled for all groups with 51-100 eligible employees. The group just needs to meet other standard underwriting requirements. | $200 per enrolled for any group with 2-100 eligible employees that is on a level-funded plan with another carrier and is currently in a surplus position with that carrier |
Updated cross sell savings program
For groups with 2 to 50 eligible employees, cross-sell savings for dental and vision is now an admin fee credit that can stack with the credits above. For groups with 51-100 eligible employees, the cross-sell discount is staying in-place as you know it. Here’s how it breaks down:
| 2-50 Enrolled Employees | 51-100 Enrolled Employees | |
|---|---|---|
| Medical and Dental ** | $200 per sub credit | 2.0% off the medical plan cost |
| Medical, Dental and Vision** | $225 per sub credit | 2.5% off the medical plan cost |
View the Savings Now, Surplus Later flyer and the Admin Fee + Surplus Calculator!
*A group can only be eligible for an administrative fee credit at their effective date based on the number of enrolled employees at the time the case is sold. The administrative fee credit programs are available for new Aetna Funding Advantage groups with effective dates through June 1, 2023 unless otherwise noted.
**The Medical and Dental and Medical, Dental and Vision admin credits and discounts cannot be combined – groups get one or the other based on the ancillary products they add.
