Health Benefits | Life and Accident Benefits | Paid Time Off/Disability | Wellness | Savings and Retirement | Additional Benefits | FAQs for Rehired Employees

All rehires please read these Questions & Answers

Note: The descriptions of Aetna's benefits in these questions & answers summarize only the highlights of the plans. If any statement in these questions & answers conflict with applicable plan documents, the documents will govern. The company reserves the right to change, suspend or terminate the benefits plans described in these questions & answers at any time.


Health

Q. If I am rehired at Aetna as a regular employee (working 20 or more hours per week), when do health benefits become effective? Can they begin on my date of hire?
A. Unless your date of hire is the first of the month, your benefits will always become effective on the first of the following month; they may not, under any circumstances, begin earlier. If your date of hire is the first of the month, your benefits will become effective on that day. You must enroll in any desired optional benefits through Aetna's online benefits system within 31 days of your date of rehire.


Q. I have a pre-existing condition. When can I enroll in health benefits?
A. You may enroll immediately since the plan does not have a pre-existing condition limitation. Benefits will be effective as described in the previous question.



Retiree Health

Note: Change for Rehires effective January 1, 2008:

If you return to work at Aetna
If you return to work at Aetna on or after January 1, 2008, as a regular employee working 20 or more hours per week, you will be eligible to maintain your previously earned subsidy as of your rehire date. While working at Aetna, you will be eligible to enroll in the active employee health plan(s) and the following will apply to your retiree medical subsidy, if any:

• If you are receiving a retiree medical subsidy at the time you return to work at Aetna your current subsidy will be maintained until you later terminate your employment with Aetna. Your current subsidy will be available when you recommence your retiree health benefits;
• If you had previously deferred your Aetna retiree health enrollment, you will retain your earned retiree medical subsidy, if any. The subsidy will be calculated using your current age and prior service as of the date of your rehire and that is the subsidy percentage that will be available when you later terminate your employment with Aetna.

In either case, when you later terminate your employment with Aetna, you may elect or defer coverage. If you choose to defer your retiree health benefits, the previously calculated subsidy percentage will be the subsidy available upon later enrollment.

Important: This new rule applies only for employees first rehired on or after January 1, 2008. If you were rehired at any time prior to January 1, 2008 different rules apply (see below).

NOTE: If you terminate employment on or after January 1, 2009, the deferral period will be the earlier of three years or age 65, rather than 10 years or age 65. This new rule will apply to all employees (including rehired retirees).

If you returned to work prior to January 1, 2008, the following information applies to your benefits, if any:

On January 30, 2003, Aetna announced the phase-out of the retiree subsidy to health benefits. Effective January 1, 2007, there is no retiree health benefits subsidy for employees retiring on or after January 1. 2007. Eligible retirees, who retire on or after January 1, 2007, may purchase health benefits at unsubsidized group rates. This rule applies to rehired retirees as set forth below.

If you are rehired as an Aetna Regular Employee (Applicable to rehired retirees prior to January 1, 2008)

Q. I previously worked for Aetna, and my most recent termination of employment was prior to January 30, 2003. I am eligible for subsidized retiree health benefits. If I return to work as a regular employee (20 or more hours per week), will I be affected by the change to the retiree health subsidy if I have either deferred my benefits, or I am currently receiving Aetna's retiree health benefits?
A. In either case, you will not be affected by the change to the retiree health benefits subsidy, announced on January 30, 2003. Your health subsidy will be frozen upon rehire (if rehire date is after January 30, 2003); the same frozen subsidy will be available upon subsequent termination and election of retiree benefits.

Q. I previously worked for Aetna, and my most recent termination of employment was after January 30, 2003. I am eligible for subsidized retiree health benefits. If I return to work as a regular employee (20 or more hours per week), will I be affected by the change to the retiree health subsidy if I have either deferred my benefits, or I am currently receiving Aetna's retiree health benefits?
A. In either case, upon returning to work at Aetna prior to January 1, 2008, you will be treated as all other active, regular employees working 20 or more hours per week. That means you will be subject to the elimination of the retiree health subsidy. You would be eligible for unsubsidized group rates upon subsequent termination of employment and election of retiree benefits.

Q. I am a former ING employee who is eligible for Aetna's retiree health benefits. If I return to work as a regular employee at Aetna (after January 30, 2003), what happens to this eligibility?
A. Your health subsidy will be frozen upon rehire (after January 30, 2003) and will be available upon subsequent termination of employment.


Impact of Reemployment as an Aetna Temporary Employee

Q. What would happen if I had terminated my employment and elected or deferred subsidized retiree health coverage and I am reemployed as an “Aetna temporary employee”?
A.

• If you were a regular employee and terminated employment (other than as a result of a job elimination) on or after January 30, 2003, the date the company announced that it would be phasing out its retiree medical subsidy, you will be subject to the retiree medical subsidy elimination if you are reemployed as an Aetna temporary employee within 12 months of your termination of employment date. If you are reemployed as an Aetna temporary employee more than 12 months after your termination date there is no impact to your subsidy, if any.



• If you were a regular employee and terminated employment prior to January 30, 2003, (the date the Company announced that it would be phasing out its retiree medical subsidy), or were job eliminated on or after January 30, 2003, or have been gone longer than 12 months since your termination date as a regular employee, and are subsequently hired as an Aetna temporary employee, there will be no impact to your retiree medical subsidy earned as a regular employee.



• The above retiree medical subsidy phase-out rules apply to those returning as Aetna temporary employees. There is no impact on the retiree medical subsidy for temporary employees employed by an external agency.

Q. If I am subject to the retiree medical subsidy elimination due to my reemployment as an Aetna temporary employee, how will the subsidy elimination be applied?
A. Upon returning to work at Aetna, you will be treated as all other active, regular employees working 20 or more hours per week. That means you will be subject to the elimination of the retiree health subsidy. Under current plan rules, you would be eligible for unsubsidized group rates upon subsequent termination and election of retiree benefits.


Q. I was working as a temporary employee at the time of the retiree subsidy change (January 30, 2003). I am eligible for Aetna's subsidized retiree health benefits from prior service with Aetna. If I am rehired as a regular employee working 20 or more hours per week, am I impacted by the retiree subsidy change announced on January 30, 2003?
A. No. Since you were not a regular employee working over 20 hours per week on January 30, 2003, when the announcement was made, you are not affected by these changes. Your subsidy would be frozen upon rehire, and would be available upon subsequent termination of employment.


Q. I previously worked for Aetna and terminated prior to January 30, 2003, and I am eligible for the retiree health benefits. What is the impact on my deferred retiree health benefits if I return to work at Aetna as a temporary employee?
A. There will be no impact on your deferred retiree health benefits; you will continue to accrue age (but not service) toward the subsidy and may elect coverage anytime during the remaining deferral period.


Q. I previously worked for Aetna and terminated prior to January 30, 2003. I am currently enrolled in Aetna's retiree health benefits. What is the impact to my retiree health if I return to work at Aetna as a temporary employee?
A. There will be no impact to your retiree health coverage. You may continue your coverage. Temporary employees are not eligible for active health coverage.


Q. I am a former ING employee who is eligible for Aetna's retiree health benefits. If I return to work as a temporary employee at Aetna (after January 30, 2003), what happens to this eligibility?
A. There will be no impact to your eligibility for retiree health coverage. Temporary employees are not eligible for active health coverage.

Note: Aetna reserves the right to amend or modify its benefits at any time including a reduction or elimination of its retiree medical subsidy.



Pension

Q. What is a cash balance pension plan? How does it work?
A. A cash balance pension plan means your benefit is expressed as an account balance. Your account balance increases each year with interest and pension credits. Employees hired on or after January 1, 2007, (or rehired on or after January 1, 2007) receive a pension credit based on their pension-eligible pay and a percentage based on “points.” The chart below lists the point ranges and the corresponding pension credit percentages applicable after you complete one year of service:

Points (Age + Completed Years of Service as of December 31)	Post-2006 Pension Credit %
<40	2.50%
40 - 44	3.00%
45 - 49	3.25%
50 - 54	3.50%
55 - 59	3.75%
60 and over	4.0%

Q. Will my hire date be adjusted if I accept a job at Aetna?
A. If you are rehired within 12 months of your termination date, your service date will not be adjusted. If you are rehired 12 months or more from your termination date, your service date is recalculated to exclude your time away from Aetna.


Q. I am currently receiving a pension from Aetna. What happens to my pension payments if I return to work for Aetna as a regular employee working 20 or more hours per week?
A. Once you begin your pension payments, they will continue even if you are reemployed at Aetna. Once reemployed, you will become an active participant in the Aetna pension plan and earn a pension credit each year under the cash balance formula applicable to employees hired on January 1, 2007 or later. See the first Q&A under this section for more information. Your annual pension credit will be based upon your age and service, generally including any prior service.


Q. Currently, I am receiving a pension from Aetna. What happens to my pension payments if I return to work as an Aetna temporary employee?
A. Once you return to work, your pension payments will continue even if you are reemployed at Aetna as a temporary employee. You are not eligible for any additional pension accruals because Aetna temporary employees are not eligible for active participation in the Aetna pension plan. If you are currently deferring your Aetna pension benefit, you may not commence your benefit while you are actively employed in any capacity - temporary or regular.



Aetna's 401(k) Plan

Q. When am I eligible to participate in Aetna's 401(k) Plan?
A. If you are rehired as a regular employee working 20 or more hours per week, you can begin contributing immediately upon rehire. You are eligible for employer-matching contributions, assuming you have one year of service, based on your adjusted hire date. Temporary employees or regular employees working less than 20 hours per week are not eligible for active participation, and may not contribute or receive employer-matching or performance-based contributions.


Q. Will I be able to roll over my 401(k) account from another employer into the Aetna 401(k) Plan?
A. Yes. Detailed instructions on what kind of distributions may be rolled over and how to request rollovers are available on the Aetna 401(k) website at http://aetna.csplans.com.