Aetna Life Insurance Company.

Form/Threshold Increase: 18.2 percent

Small Group PPO, Off Exchange

Effective Date: July 1, 2018

HIOS Submission ID Number 84251-1169531116479114241

SERFF Tracking Number AETN-131385881    

The Arizona Department of Insurance has reviewed the Form/Threshold Rate Increase in this filing and determined it to be not unreasonable under the requirements for increases subject to review in 45 CFR Part 154 and Arizona Administrative Code (AAC) R20-6-2301 et seq.

On March 7, 2017, Aetna Life Insurance Company. (Aetna-PPO) filed with AZDOI a Threshold Rate Increase via SERFF tracking number AETN-131385881. Aetna-PPO requested an overall increase of 18.2 percent (minimum 13.8 percent and maximum 22.2 percent). The requested increase affects Aetna-PPO's small group PPO, off Exchange products, effective July 1, 2018.

AZDOI requested that its consulting Threshold Rate Review actuaries, Gabriel Roeder Smith & Company (GRS), perform actuarial analysis of the filing and proposed rates. GRS reviewed the requested increase under the requirements of 45 CFR Part 154 and AAC R20-6-2301 et seq. GRS found the rate increase to be not unreasonable based on the benefits provided.

Based on GRS’s opinion and AZDOI’s review of the filing, AZDOI determined that this rate increase is reasonable under the applicable HHS and Arizona rules. Accordingly, this rate increase is filed on April 11 , 2018 for implementation in Arizona on July 1, 2018.

Steven Noble
Rate Review Administrative Assistant II
Health Insurance Oversight Section
Market Oversight Division
Arizona Department of Insurance