May 24, 2023
Underwriting Guidelines Enhancements
Aetna has improved their underwriting guidelines to make them simpler to read and easier to follow. In addition, they've made some changes to their AFA guidelines. Specifically, you will benefit from the following updates to the underwriting process:
- Groups with 20+ enrolled employees can now have up to 3 classes/divisions if they aren’t administered on Springboard Marketplace
- A new and improved IMQ threshold grid
- The Quarterly Wage and Tax Statement isn’t needed for 2-4 life groups anymore
- Groups no longer have to wait 6 months after terminating their plan to come back to Aetna as new business
Sold Case Process Improvements
It’s now easier to get your sold cases installed and deliver a more efficient experience. Each group will now have one assigned sales coordinator that takes you from sold case notification through final underwriting. Plus, the process is much simpler, check out the steps here.
You can help your case submissions go smoothly by keeping these deadlines in mind.
| EFFECTIVE DATE | IMQ ELITE SUBMITTED | UW QUOTE SUBMITTED | SALE NOTICE SUBMITTED | ALL DOCS SUBMITTED |
|---|---|---|---|---|
| 06/01/2023 | 05/15/2023 | 05/08/2023 | 06/01/2023 | 06/07/2023 |
| 07/01/2023 | 06/15/2023 | 06/20/2023 | 07/03/2023 | 07/10/2023 |
| 08/01/2023 | 07/14/2023 | 07/19/2023 | 08/01/2023 | 08/07/2023 |
| 09/01/2023 | 08/15/2023 | 08/18/2023 | 09/01/2023 | 09/08/2023 |
| 10/01/2023 | 09/15/2023 | 09/20/2023 | 10/02/2023 | 10/06/2023 |
| 11/01/2023 | 10/16/2023 | 10/19/2023 | 11/01/2023 | 11/07/2023 |
| 12/01/2023 | 11/15/2023 | 11/20/2023 | 12/01/2023 | 12/07/2023 |
Reach out to your Regional Sales Manager to learn how you can obtain an Aetna AFA quote for your clients!
