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Violation Tracker Individual Record

Company: Aetna Health and Life Insurance Company
Current Parent Company: CVS Health
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $35,000
Year: 2024
Date: June 14, 2024
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Aetna Life Insurance, Aetna Health, and Aetna Health and Life Insurance, agreed to pay a total of $350,000 in settlement of allegations they failed to record and provide the statutorily required information for the Administration to determine the company's compliance with the Parity Act, that requires parity in the treatment limitations and financial requirements for mental health and substance use disorder benefits.
Level of Government: state
Action Type: agency action
Agency: Maryland Insurance Administration
Civil or Criminal Case: civil
Facility State: Maryland
HQ Country of Current Parent: USA
HQ State of Current Parent: Rhode Island
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: retailing
Specific Industry of Current Parent: retail-pharmacies
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.