Aetna launches deductible-free plan: 5 notes

The plan is available for self-insured Aetna clients, according to an Oct. 15 news release. 

Here are 5 things to know: 

1. SimplePay provides members with an exact cost for every covered medical and pharmacy service. Members pay a copay for every service until they reach the out-of-pocket maximum. 
2. Members receive a monthly statement with all of their medical and pharmacy claims from the previous month. The statement is similar to a credit card statement, according to Aetna, but has no interest. 
3. No payment is due at the time of provider visit or prescription pickup. 
4. Around 40% of employers offer low or no-deductible plans, according to Mercer’s “Health and Benefit Strategies for 2024” report.

5. Other insurers have introduced no-deductible plans. UnitedHealthcare’s Surest plan, which has no deductible, is its fastest-growing commercial product.  Health Care Service Corp., which operates Blue Cross Blue Shield plans in five states, will introduce a plan with upfront out-of-pocket costs and no deductible in December.

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