Medicare Supplement Plans Offered By Aetna
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In November of 2018, CVS finalized their acquisition of Aetna. As a result, their stock is now traded publicly on the NYSE under the stock symbol CVS. Aetna is headquartered in Hartford. CT. The company offers various health insurance products such as medical, dental, pharmaceutical, long-term care, disability, and Medicare supplement plans.
Aetna Medicare Supplement Plans are offered by Aetna through one of their subsidiary companies. Depending what state you are in you will see either Continental Life of Brentwood Tennessee, American Continental or Aetna Health and Life. All of these companies are owned and operated by Aetna.
All Medicare supplement ID cards and policies have “Aetna” written on them as well as the name of the subsidiary company. Aetna maintains an A rating with A.Ms Best. Aetna offers plans F, G and N is most states. They are most competitive on their plans G and N.
With all of Aetna’s Medicare supplement plans you get:
- 30 day free look period
- 12-month rate guarantee
- Guaranteed renewable for life
- Freedom to choose doctors
- Portable coverage
- Household discount (where available)
Aetna Medicare Supplement Plan F
The Aetna Plan F provides complete overage on what Medicare does not cover in full. The hospital deductible, office visit copays, skilled nursing costs, and excess charges are all covered at 100%. Plan F is the most comprehensive Medicare supplement plan available. With Aetna Plan F you can see any doctor or hospital that accepts Medicare.
Plan F is offered by Aetna and covers everything that Original Medicare does not pay in full. As long as you go to a Medicare-approved provider you will not have to pay anything out of pocket. As you can probably imagine, the plan that covers the most is also going to cost the most in premium. There is no exception with plan F, it is the most expensive supplement plan on average, compared to the other plans available.
In addition, the rate increases on plan F tend to much higher than the other most two popular plans, G and N. On average, the rate increases on plan F are about 5% – 8% per year, depending on the company and state you are in. Aetna, in particular, has remained fairly competitive in most states with their plan F. We always recommend taking a close look at plan G and N before making a decision.
The chart below shows exactly what Plan F covers in comparison to the other Medigap plans available.
Aetna Medicare Supplement Plan G
|Medicare Benefits||Medigap Plan G|
|Medicare Part A coinsurance & hospital costs (up to 365 additional days after Medicare benefits are|
|Medicare Part B Coinsurance or copayment||100%|
|Blood (first 3 pints)||100%|
|Part A hospice care coinsurance or copayment||100%|
|Skilled nursing facility coinsurance||100%|
|Medicare Part A deductible||100%|
|Medicare Part B deductible||X|
|Medicare Part B excess charges||100%|
|Foreign Travel Emergency (up to $50k)||100%|
The Aetna Plan G is a top choice among our clients. Folks who buy an Aetna Medicare Supplement Plan G pay a low, fixed monthly premium and an annual deductible of $185 per year at the doctor’s office. There are no copays with Plan G at doctor or specialist.
Plan G is identical to plan F, the only exception is that the Part B deductible is not covered. This deductible is $185 for 2019. With a Plan G, the most you would pay out-of-pocket for the year is the $185, as long as you go to a doctor or hospital that accepts Medicare.
The chart below highlights the coverage offered with Plan G.
Aetna Medigap Plan G Coverage:
- 100% coverage in the hospital
- 100% coverage for skilled nursing
- 100% coverage at the doctor after fixed deductible of $185 in 2019
- 100% coverage for Part B excess charges
- No copays or coinsurance costs
- Foreign travel up to plan limits
- Ability to see any doctor or hospital that takes Medicare, anywhere in the country
Aetna Medicare Supplement Plan N
Plan N from Aetna is also a great choice. The difference in coverage between plans G and N are shown below in the chart. You will see that plan N has an asterisk in the “Medicare Part B coinsurance or copayment” box. This means there is a copay when you see a doctor. The copay is between $0 – $20. In addition, the Part B deductible is not covered, just like Plan G.
The most you will ever pay at a doctor’s (including a specialist) office is $20. Also, there is a $50 copay at the emergency room but this is waived if you are admitted. In addition, Part B excess charges are not covered on plan N, these charges rarely ever occur and can be easily avoided if you simply go to a provider that takes “Medicare assignment.”
Typically the premium on plan N is lower than plan G and the rate increases are about the same, on average as plan G. Between 0% – 6% per year.
Call us if you have any questions regarding plan N – (800) 208-4974, we would be happy to answer them.
Aetna Medicare Supplements Plans 2020
Aetna will be offering Medigap plans F, G, and N in 2020. The Plan F will not be available for folks who are turning 65 after January 1st, 2020. Those who were eligible for Medicare prior to Jan. 2020 can still purchase a Plan F. Plans G and N will be available for everyone.
With Plan F being discontinued for folks new to Medicare, plans G and N will be the most popular options and will provide the most rate stability.
Our Professional Opinion
Our Aetna Medicare supplement review is a strong recommendation. The Medicare Supplement Plan G and N are the most popular plans because they are most cost-effective when compared to Plan F. Plan G is the number one choice because there are no copays, coinsurance costs or excess charges.
We recommend Aetna to our clients for the following reasons:
- A rated stable carrier by A.M.s Best
- Top-notch customer service and claims handling
- Easy-to-use online customer portal
- Stable rate increases
- Competitive rates
We can sleep well knowing our clients are insured by a rock-solid company with a stable financial backing. The merger between CVS and Aetna will only strengthen the company (in our opinion) and add more resources to enhance the customer experience and financial stability.
To get free quotes on Aetna Medicare supplement plans or if you wish to enroll, simply call us direct at (800) 208-4974. We would be happy to help you with your decision. We are a unique insurance agency dedicated to assisting folks with Medicare. Learn how we are different here.
Aetna Medicare Supplement Review
- Rate Stability
- Competitive Rates
- Electronic Application
- Market Experience
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