Connecticut State Comptroller Natalie Braswell has chosen Aetna to be the new Medicare Advantage administrator for retired state workers.
Braswell estimates that the Aetna plan, when finalized, will save taxpayers about $400 million over the next three years while reducing the state’s unfunded liabilities by more than $7 billion.
Medicare Advantage provides Medicare benefits through a private sector health insurer. United Healthcare currently operates the plan for Connecticut.
Aetna was chosen for the contract by the state’s Health Care Cost Containment Committee, which sets guidelines for the employee health plan.
There are about 57,000 eligible retirees and dependents enrolled in the state’s Medicare Advantage program.
Aetna’s contract with the state is expected to begin January 1.
