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Aetna pays $750,000 fine to New York Insurance Department

Hartford Courant, February 5, 2010

Aetna Health Inc. paid a $750,000 fine as part of a settlement with the New York Insurance Department related to the company administering an affordable healthcare plan for the state. Aetna is the administrator for the state-subsidized program Healthy NY, which assists small business owners in providing affordable health insurance to their employees. Aetna's violations included failing to provide a required 30-day notice of rate increases to about 946 members in 2007, failing to provide notice to 1,406 terminated workers of their rights to convert to another policy, failing to report enrollment data from May 2007 through August 2008, and failing to respond to Insurance Department requests for data in March 2008, the Hartford Courant reports.