Aetna Insurance Overview
Aetna, Inc. is a publically traded (NYSE: AET) health care company headquartered in Hartford, Connecticut. They operate all over the United States, and currently employ over 30,000 people.
While their roots date back over 200 years with the beginning of what was then called Aetna Fire Insurance Company, the company as we see today was officially founded in the 1853.
Aetna provides a wide range of products for individuals, families and businesses. Some of their most popular offerings include:
- Medical Insurance
- Dental Insurance
- Vision Care
- Disability Insurance
- Pharmacy Coverage
- Life Insurance
- Business Medical Insurance
- Business Dental Insurance
- Business Vision Insurance
Aetna Consumer Complaints
Aetna is not accredited with the Better Business Bureau and currently maintains an A rating. In the past three years, there have been 447 complaints filed against the company, with the largest complaint category being “Problems with Product or Service.” A close second is “Billing and Collection Issues.” There are currently 11 complaints filed that the BBB reports Aetna failed to resolve.
There are two primary complaints from customers that appear on major consumer reporting forums. The first one is problems with billing and/or premiums. Many people have stated they have had issues with payments not going through or not being credited.
The second major complaint is not receiving coverage they believe is due. This can happen for multiple reasons including customers not understanding the coverage provided in the plan, providers changing coverage and not properly notifying customers, and even providers claiming a particular service was not medically necessary.
Aetna Consumer Research Reports
J.D. Power and Associates –According to JD Power, Aetna scores below average when averaging the three largest population centers in the US. The overall rating was 2 out of 5 in California and Texas, while New York scored better getting a 4 out of 5. Where Aetna consistently scored low was in the Customer Service category, scoring a 2, 2 and 3 respectively.
Consumer Reports –The average quality score from Consumer Reports is 80.6 out of 100. This puts them right about average. Similar to the JD Power results, New York scored the best with an 84, with the Preventative and Treatment categories coming in above average. California and Texas scored at or below average in all categories.
For information on how we use consumer research reports, click here.
Aetna Financial Ratings
A.M. Best Rating – A
Fitch Rating – A
S & P Rating – A-
*These grades have been standardized for comparison. For more information, click here.
Aetna Overall Rating
Aetna operates all over the country and has a lengthy list of health care related products they can offer. Additionally, they offer many different health care solutions for businesses of all sizes.
In major consumer reporting agency studies, they rank below average in two of the three largest States (by population) and have unresolved complaints on their Better Business Bureau report. Additionally, there appears to be a lot of complaints about coverage not being provided for particular services that customers feel should be covered.
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