Aetna coverage to end in Georgia - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

Aetna coverage to end in Georgia

(Source: CNN) (Source: CNN)

Many folks in Georgia will soon need to find a new insurance provider, this comes as Aetna Health Insurance announced this week they are pulling out of the Affordable Care Act exchange.

Which means if you signed up for a coverage plan with Aetna on the exchange, you will not be able to renew that plan next year. You will need to find another provider.

This comes just a couple of months after UnitedHealthcare also decided to pull out of Georgia, among many other states.

The Coastal Empire has now lost two of the four providers that were offered to folks in our area on the 2016 marketplace. It's still unclear what the 2017 options will be, but Georgia's insurance commission is projecting at least three providers: Humana, Blue Cross Blue Shield and Ambetter.

So if you had UnitedHeathcare or Aetna, you will need to choose a new provider when the marketplace opens this fall.

"Open enrollment begins November 1, 2016, and it goes through January 31, 2017. To make sure that you do not have a gap in coverage, we recommend that by December 15 you renew your plan with whatever company that you choose,” said Communications Director of Georgia Insurance Commission, Glenn Allen.

Gary Oetgen says many of his clients who have health insurance through the marketplace exchange could feel the impact after two providers are calling it quits in Georgia.

"It could affect likely all of them to some degree,” said Oetgen, president of Gary Oetgen Insurance Agency.

His agency serves about 400 clients in the Savannah area, some who have UnitedHealthcare or Aetna will soon be looking for a new provider and other could potentially see higher premiums.

"Multiple vendors is always ideal to keep the pricing check,” said Oetgen.

But according to Georgia's Insurance Commission, the states have no control over bringing in more vendors.

"The Georgia exchange is run by the federal government so any changes to it will go through them,” said Allen.

Officials say it is likely folks won't have a true sense of what their new options will be until October.

Copyright 2016 WTOC. All rights reserved.

Powered by Frankly