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Govt renews insurance deal with Aetna
The Inos administration has renewed a deal with Aetna Global to provide health insurance policies for government employees for 2015.
The terms of the insurance deal remain the same, according to Finance Secretary Larissa Larson in an interview.
Larson, who is also the acting administrator for the NMI Retirement Fund, said the government chose to renew the insurance deal.
The Finance chief said the government is “happy with Aetna’s services” but is open to other options for fiscal year 2016. “We will be entertaining [requests for proposals] for the next fiscal year,” Larson said.
Larson was appointed acting administrator of the NMI Fund last October.
The Inos government in February 2014 announced the selection of Aetna Global as its insurance provider. Aetna will provide health insurance policies for active employees and retirees for the entire year.
Then-NMI Fund administrator Lillian Pangelinan said the decision to go for Aetna was reached after “intensive negotiations.”
This new policy carried a 40-percent increase in premiums for members. The CNMI government pays a 50-percent share of the health insurance policy of members; the other half is paid by Fund members.
Eventually, the government announced that Aetna Global has been chosen with finality to provide the services continuously until Dec. 31, 2014.
Approximately 2,400 individuals benefit from the health coverage plan.
