Our agency is a top national producer for Aetna Medicare Supplements for several years now. That’s how much we like them.
This article has been updated for 2020.
Aetna has been around for over 160 years, so if you like stability, this insurance company will deliver it. They paid their first Medicare claim way back in 1966. Currently, they are based in Brentwood, Tennessee. Depending on which plan you choose, Aetna Medicare supplement have much to offer.
Aetna Medicare Supplement Insurance Plans help to:
- Cover Outpatient medical costs
- Pay for expensive deductibles
- Cover inpatient hospital stays
- Give you an extra 365 days in the hospital after Medicare runs out
- Offer skilled nursing facility care
- Allow for hospice in a Medicare-certified facility
- Eliminate excess charges (on certain plans)
- Keep you healthy with enhanced preventive care
- Pay for your share of diabetic supplies and durable medical equipment
More than anything, these plans help to reduce your worry over medical costs that Medicare does cover. While Medicare provides a great foundational coverage, Aetna Medicare Supplements are a perfect complement. Part B covers 80% of your outpatient costs and most Aetna Medicare supplements cover the rest. Some plans cover both outpatient and inpatient deductibles.
At Boomer Benefits, we like to work with carriers that offer many different types of insurance. This demonstrates a company’s health and stability. Aetna is a national leader in health, dental, group and disability insurance as well as Medicare insurance. They cover more than 43 million members throughout the nation.
Aetna Medigap plans operate in many states. Sometimes they sell their Medigap plans under subsidiary companies, like Continental Life or American Continental Insurance. It’s the same great family of companies.
Common Features of all Aetna Medicare Supplements
Aetna Medicare Supplement plans have some features that apply to all policies. This includes:
- A 12-month rate lock – no increases during your first year
- 30-day Free Look Period – cancel for any reason the first 30 days for a full refund
- Freedom of Choice – see any healthcare provider that accepts Medicare
- Take your coverage with you – policies work anywhere in the nation
- Household discounts in some areas – reduction in premium for 2 people in the household
- Policy is guaranteed renewable – cannot be canceled for health conditions
These great features can be found in any Aetna Medicare supplement insurance policy. Next, you’ll just need to decide which Medigap Plan letter feels the most suitable for you.
Remember that in order to be eligible for any Aetna Medicare Supplement plan, you must be enrolled in both Medicare Part A and B.
Aetna Medicare Supplement Plan F
Aetna Medicare Supplements are standardized, just like all the rest. When you buy an Aetna Medicare Supplement Plan F, you can be confident that your plan offers the same exact benefits as any other Plan F.
Your Aetna Plan F policy will work alongside your Medicare Part A and B to cover both your Part A and B deductibles, as well as all coinsurance for Medicare-covered services.
Under Plan F, you can see any doctor that participates in Medicare. You can feel confident that your Aetna Medicare supplement will pick up right where Medicare leaves off.
Plan F is often called first dollar coverage. What that means is that your Aetna Plan F supplement will pay your share of Medicare’s costs right from the first dollar. When you go to the doctor, you will have no copay for Medicare-covered services. Likewise, you will not owe anything for hospital stays, surgeries, durable medical equipment, lab work, x-rays and many other things.
Essentially any covered service under Medicare will covered 100% between your Original Medicare and your Aetna Medicare Supplement.
However, as of January 1, 2020, Plan F is only available to those who became Medicare-eligible in 2019 or earlier. If you weren’t eligible for Medicare as of 2019, the most comprehensive Medigap plan available to you is Plan G.
Aetna Medicare Supplement Plan G
The Aetna Medicare Supplement Plan G policies are one of our most popular sellers. Aetna Plan G offers you the opportunity to get lower premiums in exchange for you paying the one-time Part B deductible each year. We’ve also noticed that Plan G policies tend to have lower rate increases overall than Plan F. This makes it a good buy.
Even before Plan F began phasing out, Plan G is usually more cost-effective than Plan F. If your Plan G premium is a certain dollar amount below what your Plan F would cost, then Plan G would likely be more cost-effective, even with the Part B deductible coming out of your pocket.
Read our blog post about how you can save with Plan G here.
Aetna Medicare Supplement Reviews
We often get calls here at Boomer Benefits wondering why it so hard to find Aetna Medigap Reviews. More specifically, it’s hard to find consumer reviews about any Medigap policy.
I’m going to tell you a secret. The reason is that in our own experience, our clients with Medigap plans almost never give us negative feedback about their policy.
Because Medicare is the entity who decides what gets paid. If Medicare approves a claim, Aetna Medigap will pay its share too.
This means that nearly every Medigap plan pays like clockwork. From a broker standpoint though, Aetna is a great company to work. Because we have many policyholders, if we have a problem or an issue that’s occurring for a client, we know how to reach the right department to resolve it.
Aetna Medigap reviews from our own clients here at our agency have been stellar- especially the Aetna Medigap Plan F and Plan G reviews. Read more of our client reviews about Aetna by clicking here.
Remember, Aetna Medicare supplement plans include a 12-month rate lock too. Not all carriers offer this. This guarantees that your rate will not increase during the first 12 months. Also, since Aetna Medicare supplement policyholders use Medicare’s network, your coverage goes with you no matter where you are in the nation. Many of our clients also qualify for household discounts.
Aetna Medicare Part D
Often people who are interested in Aetna Medicare Supplements will also inquire about Aetna Medicare Part D. While Aetna Medicare does offer Part D plans in many areas, you should not choose your Part D carrier based on name-brand. Each drug plan has a different formulary, monthly premium and also different copays for various medicines.
Be aware as well that the company that offers the best Medicare supplement isn’t always the company that offers the best Part D plan for you. Your supplement and your Part D plan will be separate, so you’ll want to choose the drug plan that offers you the lowest cost for your prescriptions.
Here at Boomer Benefits, we do an initial custom Part D analysis for our Medigap clients. This analysis using Medicare’s drug finder tool will tell us which drug plan offers you the lowest overall out of pocket for your specific medications. If that turns out to be Aetna Medicare Part D as well, then great.
However, if another carrier offers you better value, then that’s the one we’ll suggest.
Aetna Medicare Providers
When enrolling in any Aetna Medigap plan, you can see any providers across the nation that participate in Medicare. This is one of the most popular features of Medigap plans in general. So if you enroll in an Aetna Medicare Supplement, you do not have to ask your doctors whether or not they take Aetna.
You simply just ask if your provider accepts Medicare. If he or she answers yes, then Medicare will pay its share and it will send the remainder of any bills off to Aetna.
This is different than what you experience in an Aetna Medicare Advantage plan. Those plans have networks which might be HMO or PPO style networks. Some HMO plans will only cover you when you treat in the network. On an HMO-POS or PPO plan, you would get lower copays for using network doctors, but you would still have the option to treat outside the network.
To summarize, Medicare Advantage plans work very differently than Medicare Supplements. You should research them carefully before you enroll. Learn more about them here.
Aetna Medigap Plans through Boomer Benefits
There are two ways that you can enroll in an Aetna Medigap plan: through the company direct or through an insurance broker. When you choose a broker like Boomer Benefits, you pay nothing extra, but you get some added value that will save you headaches down the road.
Here at our agency, we provide free assistance with shopping your rates and with setting up your Part D drug plan. We will also assist you with an appeal if Medicare denies a claim or your doctor mis-codes billing causing payment rejections. This is not a service that you will usually get from a carrier’s call center, so working with our agency can give you peace of mind on this front.
So why would you settle for less when you could get someone on your side with Boomer Benefits? Our Client Service Team helps thousands of our policyholders resolve claims and billing issues every single year. We do this not only on your Medigap policy, but on your Part D plan as well.
Get Quotes for Aetna Medicare Supplements
You have lots of great options for Aetna Medicare in 2020. To find out which Aetna Medicare Supplements are offered in your state, contact Boomer Benefits for a free quote today. We can quote Aetna Medicare Supplements as well as 30+ other carriers. We’ll help you determine if Aetna Medigap plans are a good value in your area.