INSURANCERENEWED

PPA renews Aetna retiree medical coverage for 2027

The Philadelphia Parking Authority is renewing its Aetna Medicare Advantage and Part D medical retiree plan effective January 1, 2027, with a total annual premium of $766,038 and a 6.1% rate increase over 2026. The renewal includes prescription drug coverage with $43,920 in annual Rx premiums and rates guaranteed through January 1, 2028.

Status
RENEWED
Document date
August 11, 2026
Contract type
INSURANCE
Vendor
AETNA
Agency
Philadelphia Parking Authority · PA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$766,038
Contract type
INSURANCE
Contract term
Effective 1/1/2027 with renewal to 1/1/2028
Renewal date
2028-01-01
Renewal
Renewal of existing Aetna Medicare Advantage/Part D retiree medical plan with a 6.1% premium increase from 2026 to 2027; rates guaranteed through 1/1/2028. Future renewal would next be required for plan year beginning 1/1/2028.
Document type
Report
Source document
Philadelphia Parking Authority Medical Retiree Benefits & Rates 2027-01-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by Philadelphia Parking Authority?

AETNA was awarded this insurance contract by Philadelphia Parking Authority, as recorded on August 11, 2026. The contract value is $766,038.

How much is the AETNA contract with Philadelphia Parking Authority worth?

The AETNA contract with Philadelphia Parking Authority is valued at $766,038, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a report record.

Where was this contract approved?

This contract appears in Philadelphia Parking Authority Medical Retiree Benefits & Rates 2027-01-01 (Report), dated August 11, 2026 from Philadelphia Parking Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does AETNA hold?

AETNA may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Philadelphia Parking Authority currently buying?

Explore Philadelphia Parking Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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