What is the financial rating of Aetna?
Asked by: Chaya Smitham | Last update: February 15, 2025Score: 4.1/5 (32 votes)
Is Aetna financially stable?
Fitch Ratings - Chicago - 27 Dec 2024: Fitch Ratings has assigned Aetna Life Insurance Company (ALIC) a Long-Term Issuer Default Rating (IDR) of 'A-' and an Insurer Financial Strength rating (IFS) of 'A'. The Rating Outlook is Negative.
What insurance company has the best financial rating?
MassMutual has been in business for over 170 years, and carries the highest ratings for financial security from AM Best.
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 credit rating of Aetna insurance?
We affirmed our 'A-' long-term financial strength and issuer credit ratings on Aetna's operating subsidiaries. We also affirmed our 'BBB' long-term issuer credit ratings on Aetna Inc. Additionally, we revised Aetna's stand-alone credit profile (SACP) to 'a' from 'a+'.
Aetna Medigap Plan Review | Pricing and Revews
Does Aetna have a good reputation?
Aetna's customer satisfaction is usually below average. But it depends on the specific Aetna company in your area. One of Aetna's largest companies has 7% fewer complaints compared to an average company its size, according to the National Association of Insurance Commissioners (NAIC).
What is the financial status of Aetna?
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.
What is the star rating of Aetna insurance?
Aetna® shines in Star Ratings with 88% of Medicare Advantage members in 4 out of 5-star plans or higher for 2025.
Does Aetna deny a lot of claims?
In the same year, Medicare denied 6.85% of its claims. One year later, AMA reported that all the surveyed insurers were denying fewer claims: Aetna's denial rate was down to 1.81%, Anthem BCBS reduced its rate to 4.34%, and private insurers overall were down to 2.79%, while Medicare denied only 4% of claims.
Who is the most trusted insurance company?
- Best for customer satisfaction: Erie Insurance.
- Best for seniors: Nationwide.
- Best for liability insurance: Auto-Owners.
- Best for claims filing : State Farm.
- Best for bundling: American Family.
- Best for accident forgiveness: Progressive.
- Best for military members and veterans: USAA.
What companies are AAA rated?
AAA credit rating companies
Thus, they attract many investors willing to lend them money. However, AAA-rated companies tend to offer investors lower yields than others, as the risk is lower. You might be surprised, but only two companies in the United States have an AAA credit rating: Microsoft and Johnson & Johnson.
What is the biggest insurance company to fail?
Executive Life Insurance Company is regarded to be the biggest bankruptcy of an insurance company in the United States in the course of recent years. Based in California, the life company had to file for bankruptcy in 1991 following disastrous investments in junk bonds.
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.
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 Aetna insurance good in all states?
Aetna offers group health insurance plans in all 50 states and in terms of membership is the third largest health insurer in the United States behind United Healthcare and Anthem Blue Cross. In California, Aetna ranks sixth in number of members among health insurance companies.
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.
How big is Aetna?
An estimated 39 million people rely on Aetna, a CVS Health company, to help them make decisions about their health care and their health care spending. Every day, we work to make the system easier and more convenient for our customers. Our health insurance plans and services include: Medical, pharmacy and dental plans.
How is Aetna rated?
Aetna Medicare Advantage plans are rated above the industry average, receiving an average rating of 4.27 stars out of 5 from the Centers for Medicare & Medicaid Services (CMS) for 2025, weighted by enrollment. For comparison, the average weighted star rating for all plans is 3.95.
Why are people leaving Medicare Advantage plans?
But there are trade-offs. Medicare Advantage plans often have a limited network of hospitals and physicians. And while the premiums are typically low, enrollees could end up paying more in the long run in copays and deductibles if they develop a serious illness.
What is Aetna Moody's rating?
Its unsecured rating stands at Baa2, two rungs above speculative-grade.
Why is Aetna not paying claims?
If you've had a health treatment or disability claim denied by Aetna, it could be because: The procedure is considered cosmetic (not medically necessary) Your doctor is out of network or doesn't participate in the plan. Your plan doesn't cover your medical condition.
How does Aetna health insurance rank?
By membership and revenue, Aetna is ranked third in the country for health insurance. Aetna has over 22 million members and receives annual revenues of over $60 billion.
What insurance company owns Aetna?
Aetna® group of companies. Aetna is proud to be a part of the CVS Health® family of companies.