Aetna Medicare Supplement Plans
Aetna Medicare Supplement plans provide additional coverage for those enrolled in Original Medicare Part A and Part B. Aetna Medigap plans are designed to help cover out-of-pocket expenses not covered by traditional Medicare, such as copayments, coinsurance, deductibles, and more. With Aetna's range of supplement plans, you can choose any medical provider that accepts Medicare assignment.
- Three of the best Medigap plans are Plan F, G, and N – each offering its own advantages.
- A Medigap plan allows you to see any doctor who accepts Medicare assignment, regardless of location.
- Premiums for Plan G range from $196 - $234 per month.
What Supplement Plans Does Aetna Offer?
Here are some highlights of Aetna Medicare Supplement Plan G:
- Aetna offers Plan G, but like all versions of Plan G, it doesn't cover Part B's annual deductible of $226.00.
- Plan G covers 100% of everything that Part A and B (Original Medicare) cover, along with Part B excess charges.
- Plan G has the next-best coverage right after Plan F. However, since Plan F is no longer offered to those eligible after January 1, 2020, Plan G is a good choice for new enrollees.
You might compare premiums and find that the price difference between plans is more significant than the Part B deductible amount. This makes choosing Medigap Plan G a very frugal decision.
Here are some highlights of Aetna Medicare Supplement Plan N:
- Medigap Plan N imposes more cost-sharing. Examples include $20 copays for trips to the doctor or a $50 copay to an emergency room.
- It doesn't pay for excess charges or the Part B deductible. So you will probably want to be sure that your medical providers take Medicare assignment.
In many cases, beneficiaries may find that Aetna Medigap Plan N offers them the best price choice. In some areas, the price difference between Plan N and Plan F might be $50 to $100 monthly. That price difference can outweigh several $20 copays for doctors' visits that are often required with Plan N. If you need to go to the emergency room but aren't admitted to the hospital, you may have to pay a $50 copay. But, simultaneously, you might save that much or more a year by choosing Plan N, a cheaper option.
Here are some highlights of Aetna Medicare Supplement Plan F:
- With Aetna Medigap Plan F, you get coverage for all of the gaps in payment left by Original Medicare. This includes plan options for foreign travel emergencies and charges exceeding Medicare allowances.
- Overall, Plan F covers everything that Plan G covers but also includes the Part B deductible, making it the most comprehensive Medigap plan.
- Aetna Medicare Plan F will give you all the allowed base benefits the government provides for any Medicare policy. Typically, this also means that the premiums are higher than they are for other choices. However, Plan F is only available to those eligible before January 1, 2020.
How Much Do Aetna Medicare Supplement Plans Cost?
Here are example price ranges for a 65-year-old, nonsmoking male Florida resident living in the 32244 zip code:
Plan F: $223 - $271
Plan G: $196 - $234
Plan N: $153 - $162
The pricing for Medigap policies through Aetna depends on which plan you choose, where you live, your health conditions, and how your insurer rates monthly premiums.
Is Aetna a Good Medicare Supplement Company?
Aetna has a reliable and trustworthy history from its beginnings as a life insurance company in the 1850s.
These are some notable facts about the credibility of Aetna:
- Its A.M. Best rating is A.
- It offers a 30-day guarantee switch if you're unsatisfied with your choice of a Medigap policy.
- You can use your Aetna Medicare Supplemental insurance with almost any medical provider who will accept Original Medicare.
- You can enjoy stable, standardized benefits that won't change yearly.
- Nationwide, about 90 percent of supplemental insurance policy owners said the plan did what it expected.
- The five-year yearly growth rate is projected at 13%.
- Their total number of employees is about 50,000.
- Their total number of clients is around 40 million.
When Can I Enroll in a Medicare Supplement Plan?
The best time to enroll if you are eligible is your Medigap Open Enrollment Period, which lasts for six months and starts the month you have Part B coverage. During this time, any beneficiary who applies will be accepted into any plan of their choice, and health conditions will not impact pricing. However, suppose you are already past your enrollment period.
In that case, you can still apply for a plan, but be aware that insurance companies will review your medical history when granting coverage and charging prices and can deny applications or charge applicants more. You may also have other Guaranteed Enrollment Periods if you move to another state, lose coverage from an employer, and so on. These rights are governed both by federal and state laws.
Ready to Learn More?
We help educate Medicare beneficiaries on their Medigap options and help them go through the process of reviewing and comparing plans. We work with some of the nation's top-rated Medigap carriers. So give us a call today, or request a quote online to learn more about Aetna Medicare Supplement plan G and Mutual of Omaha Medicare Supplement plan G in your state.
Generally, these plans range in price from $140-$300 per month. Factors that can influence the cost of your plan include your age, zip code, and health status.
Medicare Supplement Plan G is one of the most popular Medicare supplement plans.
You can change your Medigap policy if you have guaranteed issue rights or are within your Medigap Open Enrollment time frame.
If you do not have a guaranteed issue circumstance or are outside of your Medigap Open Enrollment Period, in that case, you can be denied coverage if your health conditions cannot pass the underwriting process.
Standard Medigap Plans C, D, F, G, M, and N provide foreign travel emergency health coverage when you travel outside the U.S.
Please note that the average quotes provided are for demonstration purposes only. Your actual premiums will be determined based on several factors such as your health conditions, age, location, tobacco status, gender, and insurance provider.
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