Aetna Medicare Supplements
Aetna Medicare Supplement plans are well known in the Medicare space. Aetna is a very stable insurance company that has been around for over a century and a half. Depending on which plan you enroll in, Aetna Medigap policies have great benefits.
Aetna started selling Medicare insurance back in the 1960s. Their mission was to build a healthier world. Now they’re the leader in global health benefits.
Aetna has helped develop world-class health systems for corporations, governments, and providers globally. Both agents and customers can rely on Aetna.
That’s why our agency had been one of the top national producers for Aetna Medicare Supplements and will continue to do so in 2020.
Aetna Medicare Supplement Plans
Aetna Medicare Supplement plans help cover the costs of outpatient expenses, deductibles, inpatient hospital stays, skilled nursing facility care, diabetic supplies, Durable Medical Equipment, & much more.
Supplements also give you an extra 365 days in the hospital after Medicare runs out, they allow for hospice in Medicare-certified facilities and help keep you healthy with preventive care.
Depending on the plan you select, you could also receive coverage for emergency medical costs while traveling outside the United States.
The best thing a supplement does is offer peace of mind, knowing that you’re covered if something happens. You won’t need to worry about out of pocket medical costs not covered by Original Medicare. Aetna supplemental coverage is a great way to fill the gaps in your Medicare coverage.
Some plans will cover both your inpatient and outpatient deductibles. When Medicare is only covering 80% of your medical costs, and Aetna Medigap policy is a great way to protect yourself against the other 20%.
Companies that offer several different types of insurance are typically reliable companies. Aetna covers more than 43 million Americans. They are a national leader in Medicare, health, disability, group, and dental insurance.
Aetna sells Medicare policies in many states. It’s common to see their plans listed under a subsidiary company, like Continental Life Insurance, Aetna Health, and Life Insurance Company or American Continental Insurance.
Aetna Medigap Plan Features
Some features that apply to all Aetna Medigap plans include:
- No rate increases during your first year.
- 30-day Free Look Period allows you to cancel for any reason in 30 days for a full refund.
- See any provider that accepts Medicare Assignment.
- Household discounts.
- The policy is guaranteed renewable; it can never end for health issues.
- Your policy is accepted nationwide; you have the freedom to travel
These features are on any Medigap policy; you need to find the one that meets your criteria for coverage.
Aetna Medicare Supplement Plan N
Plan N is an excellent choice from Aetna. This policy will cover your Part A hospital deductible, coinsurance, and 80% of foreign travel emergency up to the plan limits.
Plan N is a lower-cost option, with more out of pocket expenses. This letter plan doesn’t cover the Part B deductible or Part B excess charges.
There’s a copayment of $20 that you’ll be responsible for when you go to the doctor’s office and $50 when you go to the emergency room. The emergency room copayments waived if you’re admitted to the hospital.
Aetna Medicare Supplement Plan F
Plan F is the most popular Medicare Supplement policy; this is because of the zero out-of-pocket expense. Plan F offers first-dollar coverage.
If you go to a Medicare-approved provider, you won’t have to pay anything out of pocket. You can read Plan F Reviews, which are all highly rated.
Coverage this good does come at a price, it’s the most expensive supplement plan on average. In addition to the higher cost, the rate increases tend to be higher than the other policies.
However, with a fixed monthly expense and usually no unexpected out-of-pocket costs for you, this letter plan can give you real peace of mind.
On average, the rate increases for Plan F tend to be no more than 10% each year, sometimes as low as 6%, depending on your specific region. Aetna has always been competitive in most states.
Another critical fact to consider is that all first-dollar coverage plans will be going away in 2020. Meaning if you don’t become Medicare eligible until after 2020, you won’t be able to enroll in Plan F.
Aetna Medicare Supplement Plan G
Another supplement insurance policy is Plan G. Aetna Medicare Supplement Plan G offers you the opportunity for lower premiums, without losing comprehensive coverage.
Medicare Supplement Plan G covers everything that Plan F covers, except the Medicare Part B annual deductible.
If a serious issue, like pancreas cancer, runs in your family, Plan G or F would be a safe choice.
Best Time to Enroll in Aetna Medigap Plans
The best time to enroll in an Aetna Medigap plan is when you’re first eligible. This will avoid any unnecessary premium increases due to pre-existing health conditions.
Once you enroll in Part B, your Medicare Supplement Open Enrollment Period will start. This period will last six months after your Part B effective date. During this time, you qualify for Guaranteed Issue (GI) rights.
However, even if you missed this once in a lifetime enrollment period, you can still enroll at any time. You’ll have to answer some medical questions and go through medical underwriting to apply.
Aetna Medicare Premiums in 2020
Of course, the most common question we hear is, “how much is the plan going to cost me.” The most important thing to understand here is Medicare plan premiums are entirely dependent on your specific information.
No matter what carrier you choose, the benefits will be the same for that letter plan. The ONLY difference is the cost of the carrier charges for the monthly premium.
The premium is dependent on the rating method the carries uses, as well as your gender, location, age, and much more. The rating method Aetna chooses to use in one state can be completely different from another.
Aetna Premium Examples
What Sally Joe paid down the street for her Aetna Medigap plan is most likely not going to be what you’ll end up paying. That’s why it’s essential to speak to a licensed agent that can give you an accurate quote based on your individual healthcare needs.
For example, a 70-year-old healthy female that doesn’t smoke living in Florida will pay somewhere around $207 a month for Plan G. Now, a 67-year-old male that does smoke residing in the same state will pay somewhere around $235 a month for the same plan.
Let’s say those same two beneficiaries live in North Dakota. The female would pay around $118 in monthly premiums for Plan G. The male would pay about $133 a month in premiums for the same plan.
That same plan with another carrier can cost the above beneficiaries over $300 a month. That way, you can compare rates with all the companies to make sure you find the best price.
Aetna Rate Increases
Just like all other Medigap insurance companies, Aetna has annual rate increases on active policies. Rate increases happen differently in each state for each plan with each company.
So, let’s say you’re in Mississippi, and your sister is in Michigan; even if you have the same plan, the cost is most likely very different. The rate increases will be different too.
The best way to guarantee a quality policy with a low rate is to work with an insurance broker willing to check your prices annually. Our team of experts works together to help you stay in the best coverage.
Aetna Medicare Advantage Plans
With an advantage plan, you’ll need to pay your Part B monthly premium still. Most Medicare Advantage plans offer additional benefits.
These additional benefits can include:
- routine dental
- prescription drug coverage
With an advantage plan, you’ll need to pay your Part B monthly premium still.
Aetna offers HMO, HMO-POS, and PPO plans in select areas. They also have special needs plans for people with specific characteristics, like chronic or disabling diseases or conditions (like diabetes or end-stage renal disease). There are even Special Needs Plans for those who live in institutions or who have Medicare and Medicaid.
Not every plan is available in every location. If you move out of the plan service area, you’ll need to change your policy. Each year Medicare Advantage Plans change. It’s your responsibility to check if your doctors are in-network and if your prescriptions will be covered each year when the plan changes.
There’s a lot of hype around advantage plans, make sure to do your research thoroughly with the help of a licensed agent before enrolling. There’s a lot of restrictions that come with these types of plans; many new beneficiaries end up stuck in a Medicare Advantage plan they didn’t want.
Starting in 2019, the return of the Medicare Open Enrollment Period will be in full force. This enrollment period was explicitly brought back due to the number of beneficiaries enrolling in advantage plans that didn’t give them the coverage they thought it did.
Aetna Medicare Providers
Finding a good doctor in your plan’s network can be a headache; however, with the right tools, you can locate someone nearby. Aetna Medicare Advantage providers are part of one of the largest networks of doctors.
Aetna Medicare PPO providers are available in many areas. If you have an Aetna Medicare Supplement, providers that accept Medicare will accept your policy.
Aetna Part D Prescription Drug Plans
If you’re enrolling in a Medicare Supplement, you need to inquire about Aetna Medicare Part D Plans. While there are Aetna Part D Plans in many areas, don’t select a plan based solely on the company name. Each program has a different drug list, premium, and various copays for drugs.
The company, with the most suitable Medigap policy, may not have the most appropriate drug policy, and that’s okay. Your supplement and your prescription drug plan are two separate policies, so select the programs that offer the coverage you need.
Our insurance experts can compare Part D and Medigap Plans side by side, with all the top carriers in your area. Also, Aetna participated in a Merger with CVS to help lower costs for customers.
The Aetna Preferred Pharmacy Network includes places like Publix, CVS, Walmart, Kroger, Meijer, and many other options are available.
Aetna Dental, Vision, and Hearing
Aetna does offer Dental, Vision, and Hearing. The dental coverage follows the Careington or Dentamax Network, which is a PPO.
Some states offer Dental only, so it’s best to work with an agent that can direct you to the right combination of coverage. With an Aetna dental plan, high-cost services could require a 12-month waiting period.
The longer you stay with Aetna, the better the coverage gets; you’ll pay less for services in year three than you do in year 1 or 2.
On high-cost dental services such as root canals, bridges, or dentures, after the 1-year waiting period, you receive 60% reimbursement up to your coverage limit.
The vision policy covers eye exams, glasses, and contacts. There is a $200 maximum of any two policy years.
The longer you receive coverage, the less you pay at your vision visit. For example, in the 1st year, you have 60% coverage, and in the 3rd year, you have 80% on routine services.
Hearing services have a $100 deductible, and they pay up to $500 during any one policy year for exams and hearing aids.
Aetna Medicare Providers are Nationwide
Aetna Medigap policies allow you to see ANY provider in the nation that accepts Medicare Assignment.
If you enroll in a supplement, you won’t need to ask doctors if they accept Aetna. If they accept Medicare, then Medicare will pay its share of the bill and send the remainder to Aetna.
With a Medicare Advantage Plan, you will typically have a list of doctors, hospitals, and providers that you need to stay with for coverage. You’ll also have copayments each time you receive care.
Aetna Medigap Reviews
Aetna is a longstanding health insurance company that offers a multitude of insurance plans with some of the most affordable rates in the industry.
Their supplements offer great benefits, and anyone with a Medigap policy will find themselves with great peace of mind regarding their healthcare.
Their reviews are high due to their conservative rates and 12-month rate lock that has earned them the title of an AM Best A Rated Company.
The BBB also gives them an A+ rating.
When you choose MedicareFAQ, you get the benefit of working with someone that cares about your best interest, not just a one-company mindset.
It doesn’t cost you anything to work with us; we help hundreds of Medicare beneficiaries select the best option for them every day.
Another plus about signing up with us, our Client Care Team will be here each step of the way. Not just during the application process, but throughout the lifetime of your policy. If you have any issues with coverage, we’re here to help resolve it at no additional cost.
If you prefer to compare Aetna rates side by side online, click here! For those who prefer to speak to a licensed agent directly, please call the phone number above.