Aetna Funding Advantage is available on a 15-month contract for December 1 and January 1 new customers. Wouldn’t it be nice to have some business renewal outside OEP? Learn more.
Aetna Funding Advantage is now available for 5–100 groups in Ohio. AFA is Aetna’s fastest growing small business offering with potential savings on monthly costs, the opportunity for surplus sharing, a digital administration and enrollment platform, wellness activated by Apple Watch and more. Aetna has expanded it to groups with 51 to 100 eligible employees in Ohio.
Aetna Funding Advantage will again offer a 15-month contract in December 2018 and January 2019 for new Aetna customers who select an AFA plan. AFA extended the 15-month contract offer to 23 additional markets.
The new AFA extended contract:
- Offers a 15 month AFA contract
- Applies to new Aetna small group (5-50**) customers with December 1, 2018 and January 2019 effective dates
- Moves your client to a March 1, 2020 or April 1, 2020 anniversary date
- Is available in AZ, CO, FL, GA, IA, ID, IL, KY, LA, ME, MI, MN, MO, MS, NE, NJ, NV, KS, OH, OK, TN, TX, UT, WI and WY
Contact your Cornerstone representative for additional details.
Small Group Aetna Funding Advantage (AFA) can now be quoted for December 1 and January 1 effective dates. Click here for a quick guide on how to request a quote in your market.
DID YOU KNOW? AFA offers groups $25 per subscriber fee credit for early submission! Click here for more details.
Beginning October 1, 2018, Aetna Funding Advantage Plans will include access to group fitness classes through Aetna’s relationship with Peerfit. Members will receive monthly credits1 that can be redeemed through Peerfit to enroll in group fitness classes at gyms and fitness studios in the Peerfit network.
Just a reminder that Aetna has announced it is not renewing any grandfathered or transitional business (Keep-What-You-Have) any longer. Renewals for any groups remaining in this block will receive ACA options (Aetna offers only 2 plans) or an Aetna Funding Advantage quote if they meet the criteria (5 or more employees).
Please contact your Cornerstone representative if you have a group or groups in this product and would like to explore options.
From October 1, 2018, through January 1, 2019, effective dates, earn an administrative fee credit of $25 per subscriber for all of your new business AFA clients.
Aetna now has a new approach for Newborn and COBRA enrollment. As part of this, the “Activate COBRA” life event is no longer an option when processing employee benefit changes in Springboard.
Work with the Aetna Answer Team in the meantime. If you would like to add coverage for a newborn baby, just call or email the Aetna Answer Team and provide the baby’s first and last name, date of birth and gender. We’ll process the addition immediately so the next time you log in to Springboard, you’ll see the baby enrolled in coverage.
You can also work with the Aetna Answer Team to enroll an eligible employee in COBRA coverage. Just call the Aetna Answer Team and provide the effective date of COBRA coverage and the type of qualifying event. You can also complete the COBRA Enrollment Election Form and return it to Enrollment.
Contact your Cornerstone representative for more information.
Aetna Funding Advantage (AFA) broker bonus for small groups sold from February 1, 2018 through January 1, 2019 effective dates. Earn $50 per employee! Click here for more information.
New deadlines for case submissions effective February 1
Sales notification/CIR for electronic case submissions are due by the 22nd of the month with complete electronic case submission by the 27th of the month prior to the requested effective date. This applies to Small Group AFA new business and current customers moving to AFA at renewal.