Jul 03, 2019
Starting August 1, 2019, Aetna’s ongoing ACH debit will be the standard method for premium payments (paper check is no longer accepted). Regularly scheduled payments will be based on the membership at the time the invoice is produced each month. Groups will have the flexibility to select from one of the following payment cycles:
- Due date: the 1st or 15th of the month based on the group’s effective date
- Any day between the 2nd through the 28th of the month
- The last banking day of the month
- Other payment options are available upon request (The accounts receivables team will call the plan sponsor to discuss payment options.)
Banking only occurs Monday to Friday. If the selected date falls on a weekend or holiday, the draft will occur on the preceding banking day.
This form is only for new business at this time. Existing groups can contact Aetna directly to sign up for an ongoing ACH debit.
Contact your LISI Regional Sales Manager for Aetna selling strategies.
