Last Updated on July 7, 2020 by Lindsay Engle

Aetna Medicare Supplemental Insurance

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Aetna Medicare Supplemental Insurance

Aetna is a stable company that’s been around for a long time. In the 1960’s they began offering Medicare products. Now, they’re a leader in global healthcare.
While we offer policies with many top-carriers, Aetna could be your best option.

In this context, we’ll give you an expert review of their company and provide you with information on their current plans.

Aetna Medicare Supplemental Insurance in 2020

AM Best rates Aetna as an “A” company. It makes sense to choose a reliable company, and many top-carriers offer competitive prices. When searching for your ideal policy, consider premium AND out of pocket costs.

A low premium doesn’t always equate to an excellent policy. Sometimes, paying more in premiums can save you money.

Our expert opinion of Aetna is that when it comes to their Medicare Advantage plans, they have a broad range of doctors in-network and some of the most affordable policies.

Further, we find that all Medigap plans excel at claim payment and coverage. Let’s discuss the different options in-depth for more clarity.

Aetna Medicare Supplement Plans

The top Medicare Supplement plans in all states are Plan F, G, and N. Since Medigap plans are standardized, Plan F with Aetna is the same coverage as Plan F with Humana. The difference? Cost.

So, if Aetna has a lower premium, high coverage option in your area, you need to enroll. But, if Humana has a lower premium with the same policy, you should obviously save yourself some dough.

There is no reason to pay more for the same coverage. But, we understand if you only want to do business with a particular company.

As for us, we’re not biased. We understand that Aetna is not going to be the most competitive across the board. But we also know they’re competitive in over 35 states.

You should choose your policy based on premiums.

Aetna Medicare Supplement Plan F

When it comes to comprehensive coverage, Plan F takes the cake. Whether you decide to go with Aetna or another company, Plan F reviews are top-notch.

All Plan F’s cover Part A and B deductibles as well as coinsurances. Basically, with this policy, you have no out of pocket expenses.

While Plan F is the most comprehensive, Aetna is more competitive with Plans G and N.

Aetna Medicare Supplement Plan G

Plan G reviews are excellent no matter which company you choose. Plan G is perfect for those that are money savvy; you pay the Part B deductible yourself and save quite a bit of money in premium costs.

As long as your savings are more than the deductible, you come out better than you would with Plan F.

Plan G can cost around $120 with some areas costing much less, and other regions are more expensive.

But, if you don’t mind trading out of pocket costs for a lower premium, you can consider a Plan N or High Deductible Plan G.

Whichever plan you choose, you need to be comfortable with both the premium and out of pocket costs.

What is Aetna Medicare Supplement Rate Increase History?

Let’s be clear; all insurance companies have rate increases, not just Aetna. So, while it’s great to know about the previous rate increases, it’s not black and white information. Rate increases are like the lottery; you don’t know until the numbers come out. Further, rate increases are different depending on geographical location, policy type, and company.

Aetna rate increases, like most companies, fall between 3% and 10% depending on various factors. Aetna does offer a 12-month rate-lock that guarantees your rates won’t increase the first year. Aetna also offers a 30-day Free Look Period, you can cancel for any reason within the first 30 days the policy is active.

Aetna Medicare Advantage Plans

The weighted overall star rating for Aetna Medicare Advantage plans is 4.3 out of 5 stars. Also, the majority of beneficiaries in an Aetna Advantage plan have a 4.5 star or higher policy.

Most Advantage plans consider themselves “all-in-one” plan options. While many plans offer a $0 premium, the bills you’re left with in severe health emergencies can be overbearing.

Also, if your doctor isn’t in the network, or leaves the plan mid-year, you end up feeling burdened. While Aetna Medicare Advantage plans are possibly one of the better options, the question still stands, is it the best option?

If you’re under 65 or unable to obtain Medigap, it could be beneficial to have a Medicare Advantage plan. These plans operate in service areas, so your options depend on your location.

Most metropolitan areas offer a plethora of plans, whereas rural areas may find Advantage plans are sparse. But, any agent will tell you that some insurance is always better than none.

So, if a Medicare Supplement isn’t an option, please consider looking at the Advantage plans in your area. And, choose a reliable, stable company to handle your claims.

Aetna Medicare Part D

Aetna does offer Part D plans to cover your prescription medications. You can enroll in a Part D plan to supplement your Aetna Medigap plan. However, just because you choose to enroll in an Aetna Medigap plan, doesn’t automatically mean that their Part D options are the best ones for you.

We’ll do an initial analysis for your Part D coverage that’s based on your current medications to ensure you get the most coverage possible on all of them.

Wellcare Aetna Part D Merger

Aetna merged with Wellcare in 2020 to create SilverScript Part D plans. The merger was made with hopes to win regulatory approval from the Trump administration for the $69 billion CVS Health merger.

All companies have to follow guidelines for the Part D options. So, each policy must offer drugs in the six protected classes.

Also, keep in mind, if you don’t enroll in Part D when you’re first eligible for Medicare, you could face a late-enrollment penalty.

FAQ’s

Does Aetna Medicare cover dental?

Aetna Medicare Advantage plans sometimes offer basic dental coverage either for an additional cost or as part of the policy. Medigap plans don’t include dental coverage. Also, Aetna does offer stand-alone dental coverage that you can have alongside Medigap or Medicare Advantage.

Does Aetna Medicare Supplement have SilverSneakers?

For the most part, it’s Aetna Medicare Advantage that would include a Silver Sneaker benefit. But, even some of the Advantage plans charge an extra fee for the gym benefit. In some cases, a $10 Youfit membership is just as cost-effective.

Is Aetna a good Medicare Supplement?

Our expert opinion is yes; Aetna is a good Medicare Supplement. But, we also believe there are many good Medicare Supplements. Since Medigap plans agree to cover the other portion of claims Medicare approves, denials aren’t an issue, making these plans an excellent choice.

What is Aetna Medicare PPO?

If a policy says “PPO” or “HMO,” then it’s a Medicare Advantage plan. PPO stands for Preferred Provider Organization; they allow you to see doctors out of the network at a higher cost than in-network doctors. Health Maintenance Organization plans have stricter networks that don’t extend coverage to non-network doctors. Medigap plans are not HMO or PPO plans.

Get Coverage You’re Happy With Today!

The best part of Medigap is that you can change plans anytime, as long as you can pass underwriting. Our agents can help you identify the company most likely to approve your application and the best plan for your needs.

So, if Aetna happens to be your best option, we can help you. And, if not, we represent top carriers in Medicare, so, we can still help.

We know Medicare is hard to navigate, let us be your GPS. Together, we can get your insurance where it needs to be.

Call us at the number above to obtain access to a Medicare expert at no cost!

Or, fill out an online rate form to see the options in your area.

About The Author

Lindsay Engle

Lindsay Engle is the Medicare expert for MedicareFAQ. She has been working in the Medicare industry since 2017. She is featured in many publications as well as writes regularly for other expert columns regarding Medicare. Lindsay is part of the Medicare Marketing Association, the Medicare Supplement Insurance Professionals group, and the DecisionHealth – Medical Practice & Hospital Group. You can also find her over on our Medicare Channel on YouTube as well as contributing to our Medicare Community on Facebook.

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