Does Aetna have a high turnover rate?
Asked by: Carey Nader | Last update: May 17, 2025Score: 5/5 (61 votes)
What companies have a high turnover rate?
What Company Has the Highest Turnover? Three companies are tied for having the worst employee retention rate. These are the cryptocurrency exchange Coinbase, Avelo Airlines, and fast food outlet Popeyes, where staff stays on average for just 0.8 years.
Why is Aetna struggling?
Aetna majorly miscalculated utilization trends in pricing Medicare Advantage plans for this year, causing hundreds of thousands of seniors to flock to its generous coverage and saddling the insurer with an unexpectedly steep price tag for their care.
Is Aetna a good company to work for?
Aetna reviews FAQs
Is Aetna a good company to work for? Aetna has an overall rating of 3.4 out of 5, based on over 4,443 reviews left anonymously by employees. 61% of employees would recommend working at Aetna to a friend and 56% have a positive outlook for the business.
How is Aetna doing financially?
Aetna's revenues hit $33 billion in Q3, up from $26.3 billion in Q3 2023. But it posted an adjusted operating income loss of $924 million this year. Its Medical Benefits Ratio was 95.2% in the quarter, compared to 85.7% in the same period last year.
NOT AS ADVERTISED: 6 months later, Aetna has done little to replace a depleted doctor directory
What is happening to Aetna?
CVS is removing Brian Kane, the head of Aetna, citing the division's poor performance and outlook. CEO Karen Lynch, who was the president of Aetna from 2015 to 2021, will now lead the business, while CFO Tom Cowhey will help oversee its day-to-day operations.
Where does Aetna rank?
Aetna's plans in California generally come in at 3.5 stars (out of 5) for Advantage plans and 4 stars for Part D. The average is just over 4 so that puts them right in the middle for California.
What is the employee retention rate at Aetna?
Aetna is known for its high employee retention rate with staff members typically staying for 5.7 years. Employees at Aetna earn an average yearly salary of $61,847, showcasing the company's commitment to its workforce.
What is Aetna's reputation?
Aetna shines in Star Ratings with 88 percent of Medicare Advantage members in 4-star plans or higher for 2025.
What's the best healthcare company to work for?
Who bought out Aetna?
2017: On December 3, 2017, CVS Health announced the acquisition of Aetna for $69 billion. Larry Merlo became chief executive of the two brands. Aetna CEO Mark Bertolini resigned and Aetna President Karen S.
Is it hard to get a job with Aetna?
Yes, it is hard to get a job at Aetna due to the lengthy process and drug and background testing required. There are three basic steps to the hiring process at Aetna: Application: Prospective employees are encouraged to apply via Aetna's career page.
Is Aetna losing money?
The insurance arm's operating income fell nearly 40% in Q2 2024. Aetna, CVS's health insurance arm and the third largest payer in the US, is struggling amid higher medical costs and lower Medicare Advantage star ratings.
What job has the worst turnover rate?
- Fast food worker.
- Hotel receptionist.
- Childcare teacher.
- Hotel housekeeper.
- Waiter.
- Retail sales associate.
- Technical support specialist.
- Customer service representative.
How do you know if a company has high turnover rate?
How can you tell if your turnover is high? Typically, high turnover means 28% of your new employees quit within the first 90 days of their employment. (Again: this presents an enormous cost to companies because they have to constantly repeat a cycle of recruitment, hiring, and training new people.)
What company has the lowest turnover rate?
Companies with the lowest employee turnover often include those known for strong workplace cultures, competitive benefits, and opportunities for career growth. Some examples of such companies include Google, Apple, and Microsoft.
Why is Aetna so expensive?
Factors influencing Aetna insurance monthly costs
Plans with broader coverage and extensive benefits, such as lower deductibles, co-pays, and comprehensive services like dental and vision care, often come with higher monthly costs.
What is the best health insurance company to go with?
- Best Overall and Best for Self-Employed: Kaiser Permanente.
- Best Widely Available Plans: UnitedHealthcare.
- Best for Low Complaints and Best for Chronic Conditions: Aetna.
- Most Affordable: Molina Healthcare.
Is Aetna CVS a good company to work for?
Aetna reviews FAQs
Aetna has an overall rating of 3.5 out of 5, based on over 4,443 reviews left anonymously by employees. 62% of employees would recommend working at Aetna to a friend and 57% have a positive outlook for the business.
Which company has the highest employee retention rate?
1. ConocoPhillips. According to a 2023 LinkedIn survey by Resume.io, ConocoPhillips is one of the companies with the highest retention rates with a median tuner of 10.6 years. ConocoPhillips is great at retaining their employees by having highly effective retention programs that employees value.
How much is a typical retention bonus?
Retention bonus rates typically range between 10% and 15% of an employee's base pay, and companies often offer them as a lump sum or in biweekly or biannual installments. They're powerful retention tools as long as business and employee needs align.
What is an acceptable employee retention rate?
What is a good employee retention rate? Generally, an average retention rate of 90% or higher is what to aim for, meaning a company will want an average employee turnover rate of 10% or less. In 2022, the average turnover rate2 was around 9.3%.
Does Aetna pay well?
The average Aetna, a CVS Health Company salary ranges from approximately $41,000 per year for Screening Manager to $195,613 per year for Director of Data Science. Average Aetna, a CVS Health Company hourly pay ranges from approximately $13.96 per hour for Support Associate to $57.45 per hour for Content Writer.
Which health insurance company denies the most claims?
According to the analysis, AvMed and UnitedHealthcare tied for the highest denial rate, with both companies denying about a third of in-network claims for plans sold on the Marketplace in 2023, respectively.