Aetna Inc has been informed by the Centers for Medicare & Medicaid Services that they intend to discontinue enrollments for new members to be apart of Aetna’s Medicare Advantage and Standalone Prescription Drug Plan Contracts. Aetna Inc trade on the “New York Stock Exchange” under the stock symbol “AET”. For More information regarding “AET” or the Latest Stock Market Information, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Aetna Inc (NYSE: AET) announced that it has been informed by the Centers for Medicare & Medicaid Services that they intend to discontinue enrollments for new members to be apart of Aetna’s Medicare Advantage and Standalone Prescription Drug Plan Contracts.
According to the CMS, Aetna did not meet the terms with that would guarantee that seniors could continue with their medications during changes to certain plans offered by Aetna from 2009 to 2010.
This suspension also halts Aetna from advertising its plans to fresh members. The action against the health insurer was taken due to the non-compliance of certain Medicare Part D requirements. The suspension is effective from April 21, 2010.
It has no bearing on the company’s current Medicare enrollees. Medicare Advantage plans are privately run versions of the government's Medicare program, under which the elderly and disabled are provided with health coverage.
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