If you’ve signed up for Medicare, but are unsatisfied with the amount of coverage you received, an Aetna Medicare supplement plan (Medigap) may be the optimal solution. Since delivering their first Medicare claim in 1966, Aetna has grown to serve over 43 million customers nationwide. Aetna is a company known for its stability, excellent customer service, and short processing times. With an A.M. Best rating of ‘A’, Aetna has been offering Medicare policyholders a diverse range of coverage options for over 160 years. Depending on your state of residence, Aetna Medicare Supplement plans may also be known as Continental Life, American Continental, or Aetna Health and Life.
This Medigap coverage offers Medicare customers an additional policy to cover the costs of deductibles, coinsurance, copayments, and hospice care. Those who are already enrolled in Medicare part A and B are eligible to sign up for Medicare Supplement policies through many insurance providers. There are a total of 10 supplement plan policies to choose from for 2018. However, not all policies are available in every state.
What’s Included in an Aetna Medicare Supplement Plan?
Medicare Supplement Plans cover the costs of different gaps left by basic Medicare insurance. Each plan has something unique to offer. However, they’re all composed of the same elements. The following elements are included in all of Aetna’s Medigap plans:
• 30 free test period
• Unchangeable rates for one year
• Renewal guaranteed
• Ability to choose your doctor or medical practitioner
• Portable coverage
• Fitness program discounts
• Discounts for families and households
Supplement plans cover coinsurance or copayments on Medicare part A and B. These plans can also help cover your part A and B deductibles entirely. Medicare Supplement Plan G & Medicare Supplement Plan F also cover part B excess charges as well.
Skilled Nursing facility care is also available through most plans, with either partial or total coverage. Long-Term care however is not. Foreign travel emergency expenses may also be covered up to 80%, but are subject to a deductible. Policyholders are also covered for the first three pints of blood.
It is important to note that Medicare Supplement plans do not include prescription drug coverage, however Aetna offers those as well. The Aetna Medicare Rx Saver 2018 plan, which is a stand alone Part D drug plan, can be a good choice to combine with a Medigap plan. There are several other Aetna Medicare Part D plans available to choose from as well. To learn more, and see if your medications are in the formulary, you can view their drug coverage list.
Overview of Available Plans from Aetna
When considering an Aetna Medicare Supplement plan, you have several options. Aenta offers plans A, B, F, G, and N. Plans F, G, and N are available in most states with Aetna supplemental insurance plan G being the most popular. Depending on your budget and the amount of coverage you desire, each plan offers different options. The following list briefly describes an overview of each plan.
Plan A – This is the most affordable of all supplement plans. This covers Medicare part A and part B hospital coinsurance or copayments, as well as part A hospice care coinsurance.
Plan B – This plan covers the full deductible of Medicare plan A in addition to the coverage from supplement plan A.
Plan F – This is the most comprehensive option and provides full coverage of all deductibles and copayments. It includes all coverage from plan C, as well as Medicare part B excess charges.
Plan G – Plan G is similar to plan F, but does not cover part B deductibles. Often times the annual premium is much lower than the F plan, and makes it a good choice.
Plan N – With Plan N, you have the same benefits as Plan B, however does cover skilled nursing facility (Plan B does not), and you would have co-pays after you meet your Part B deductible instead of having a 20% coinsurance.
All of the above plans include a one-year guarantee on premiums. Your policy is also guaranteed to be renewable, and you’re free to choose your own doctor. Policyholders may be entitled to fitness or household discounts.
The Best Medicare Supplement Plans for 2018
Before choosing a Medicare supplement plan, it’s important to consider your current medical situation. Any changes within the past year may be motivation to switch plans and reanalyze your insurance options. However, some plans still tend to be more popular than others. Three Aetna Medicare Supplement plans in particular offer outstanding coverage for 2018.
Medicare Supplement Plan F – This is the only plan that covers every additional expense. It offers full coverage for deductibles, coinsurance, copayments, hospice care, and nursing facilities. Although this is the most inclusive plan, it’s also the most expensive. Often, policyholders benefit more from a similar plan by sacrificing one of the coverage options. Aetna Medicare Supplement Plan F rates tend to increase between 6% – 10% each year.
Medicare Supplement Plan G – For those who want value for their money, Aetna Medicare Supplement Plan G may be the best alternative to plan F. Plan G covers almost all costs of plan F, with the exception of your part B deductible. It’s the cost-efficient choice for those with extensive medical needs. It’s also the only other plan to cover part B excess charges. This is one of Aetna’s most valued plans due to their highly competitive rates. Rate increases are a moderate 0% – 6% per year, and many states have even experienced decreases.
Medicare Supplement Plan N – This is a popular choice for those looking for low premiums with a solid level of coverage. The premium is lower than Plan G, however you do have a co-pay at doctor after you meet the Part B deductible. Aetna Medicare Supplement Plan N rates are also relatively stable at 0% – 6% per year.
Aetna Medicare Supplement Reviews
The feedback we get from our clients regarding Aetna is very positive. Aetna’s customer service is very solid, as is their agent/broker service. In addition to the great service, having the freedom to choose your doctor is a big plus. As with all Medicare supplement plans, as long as your doctor accepts Medicare, they will accept any Aetna Medigap plan. From a price stand point, Aetna Medicare Supplement rates have been competitive across the country, especially with Aetna Medicare Supplement plan N.
Aetna Medicare Supplement Plans 2019 | Looking Ahead
As mentioned above, Aetna Medicare Supplement Plan N has been very competitive across the country. We have noticed Plan N rates with Aetna actually decreasing around the country in certain states. At the 2018 National Medicare Supplement conference members of Aetna leadership indicated that they were striving to be competitive, especially with Plan N. With Medicare Supplement Plan F no longer being offered in 2020, many people will be choosing primarily between Plan G vs Plan N. Some states do not allow excess charges, which makes Aetna supplemental insurance plan N very attractive in those states.
How to Enroll for Coverage
Medicare Supplement plans can be purchased through many health insurance providers. Rates can vary drastically between providers, so it’s best to shop around to find the best results. This is where QuoteMyMedicare can help you save a lot of money. We assist you in every step of the process, from finding you the best rates, enrollment, and then on-going support by providing annual reviews to make sure you continue to get the best rate over the years.
All ten Medigap plans offer unique solutions to fit the needs of different families. It’s important to choose coverage carefully to avoid overpaying and ensure you receive the appropriate amount of coverage. An Aetna Medicare Supplement plan may be a good choice.