Aetna has issued a statement saying it is notifying all employees who received an insurance premium increase in 2018 that it will pay them.
“We are pleased to announce that Aetanet is in the process of informing all employees that they will receive a lump sum payment of up to $25 per month for up to six months in order to address their 2018 dental plan premium increases,” the statement said.
“At this time, Aetans coverage is not impacted by this change, and we expect to receive payment from Aetanes plan in the near future.”
Aetna says that in 2018, the company was able to pay out premiums that had risen by over $5 billion over a four-year period.
In addition, in the first three months of 2019, the insurer paid out more than $1 billion in premiums.
The company has been in the news in recent months for its plans to slash benefits, raising premiums and limiting coverage.
Last year, the federal Conservative government announced that all Canadians would have to sign up for the health care plans it announced in 2017, and for many people that meant paying out more in premiums than they would have otherwise.
Aetanea, which had its Canadian operations in Alberta, Quebec and Ontario, said the cost of the new policies would not be passed on to the consumers, and the company will make a payment to individuals in 2018 to cover any higher premiums they may have had to pay in 2019.