Aetna, St. Peter's come to new contract agreement

ALBANY, N.Y. (NEWS10)-- A multi-year agreement has been reached between St. Peter's Health Partners and the health insurance company Aetna, St. Peter's Health Partners announced Tuesday. The agreement was made on the final day of their previous contract.

The two have been in negotiations for over six months trying to reach a fair agreement. If an agreement was not reached by Tuesday, St. Peter's Hospital would have been out of network for Aetna users in 2025, but state law would allow hospital access for fully insured employer-sponsored commercial benefit plans through February 28.

According to the company, the contract reached was a fair agreement and would allow policy members to stay in the network.

"We are pleased to share Aetna, a CVS Health company, and Trinity Health/St. Peter’s Health Partners have reached a multi-year agreement that will allow our valued patients and members to maintain the in-network access to the Trinity Health/St. Peter’s Health Partners hospitals, facilities, and health care providers they trust," the company said in a statement. "We are thankful for everyone’s patience and support as we worked together to reach a fair agreement."

Aetna shared the same statement with NEWS10.