We are proud to provide out clients with the best Medicare Supplement products by Health Net. Contact us at 800-208-4974 to learn more or for a free consultation, one of our expert insurance agents will be happy to help you.
Company History and Background
Health Net Inc. is a health insurance company that was established in 1977. This California-born company provides a range of health care insurance products to all 50 states across the United States as well as the District of Columbia. Health Net began as a non-profit organization, until 1992 when it started operating as a for-profit entity. In 2016, Health Net was acquired by Centene Corporation, becoming a subsidiary of the latter organization, while maintaining its brand name.
Health Net has its headquarters located in Los Angeles, California, and St. Louis, Missouri. The organization has several subsidiaries, the primary arm sells health insurance plans to individuals, families, groups, and companies.
Financial Value and Ratings
Health Net has a B++ rating (good) from A.M. Best and an A- rating from Better Business Bureau (BBB). The company earned these ratings for having a long history of the solid financial foundation and paying claims to policyholders.
Health Net Medicare Supplemental Insurance Benefits
With more than 10 years of experience and expertise, Health Net is able to provide quality medical and supplemental life, vision, dental, and disability insurance to over 6 million policyholders in the United States. In California, Health Net provides 8 different Medicare Supplement plans namely plan A, C, F, F (High Deductible), G, K, L, and M, with Plan F being the most comprehensive of them all.
Medigap Plan A is the most basic, providing coverage for Part A hospital copayment, the first 3 pints of blood per year (if needed), Part A hospice care coinsurance, and Part B copay. As a rule, other Medigap plans must cover Part A as well as other benefits, which may vary depending on the Medigap plan chosen. Some of the benefits other Medigap plans can offer at an added cost include skilled nursing facility care coinsurance, Part A and Part B deductibles, Part B deductibles, Part B excess charges, and foreign emergency travel.
In addition to Medicare Supplement Plans, Health Net offers Medicare Advantage and Cal MediConnect products. Medicare Advantage offers the same benefits as Medicare Part A and Part B, with possible extra benefits such as dental, vision, or wellness coverage. In addition, Medicare Advantage Plans cover prescription drugs as well. Health Net also has a Medicaid health program for residents of California. Health Net Medi-Cal low cost or free health insurance program that covers the medical expenses of people with limited income.
Presently, Health Net health insurance plans are only available in Washington, Oregon, and California. Other products offered by the company are Healthy Families and Medi-Cal health coverage, which is only accessible to residents of California. To find out if Health Net Advantage plans are available in your area give us a call at 800-208-4974.
You are eligible for Health Nets Medicare supplement or Medigap plans during the 6-month period that starts the month of your 65th birthday or older and enrolled in Original Medicare Part B. You may also qualify before you are 65 if you have a pre-existing disability.
Compare Medicare Supplement quotes from the Nation's top rated carriers for Free
Call us at 800-208-4974 or enter your details below for instant access
Health Net Medigap Plan F
Medicare Supplement Plan F is recommended for potential customers who prefer a plan with more comprehensive benefits. However, Plan F comes with more expensive premium rates in comparison to other Medigap plans. To save on the costs of monthly premiums, customers can opt for plan F with a high deductible. The high deductible Plan F offers the same coverage as the regular Plan F but the policyholder will have to pay an annual deductible before the plan kicks in. In addition to the coverage provided by basic Medicare, Plan F covers ther Part A deductible, and the Part B deductible. Other Medicare benefits under Health Net Insurance Plan F include the following:
- Skilled nursing facility coinsurance.
- Part B excess charges.
- Foreign emergency care travel (up to plan limit).
Health Net Medicare Supplement Plan C
Medigap Plan C is the most sought-after plan after Plan F, covering most Medicare-approved out-of-pocket expenses except Part B excess charges. Just like Plan F, Plan C has been phased out as from early 2020. However, customers who have purchased this plan before January 2020 are allowed to remain on this Medigap plan. The following are benefits offered by Health Net Medigap Plan C asides the benefits of basic Medicare Plan A:
- Part A deductible.
- Part B deductible.
- Skilled Nursing Facility coinsurance.
Health Net Medicare Supplement Plan G
Medicare Supplement Plan G is the closest alternative plan to Plan F, as both plans provide the most comprehensive coverage of all the Medigap plans. However, unlike customers under Plan F, Medigap Plan G Medicare beneficiaries have to pay Medicare Part B deductible cost out of pocket. Here are the Medicare benefits offered by Plan G in addition to the costs coverage of Original Medicare Plan A:
- Medicare Part B excess charges.
- Skilled nursing facility coinsurance.
- Foreign emergency care travel (up to 80%).
Health Net Medigap Plan N
Health Net offers Medicare Supplement plan N which provides almost the same coverage as Plan G. The only difference between Plan N and G is that Medigap Plan N has office visit copays between $0-$20 per visit. Also, plan N leaves out coverage for Part B excess charges. Here are the benefits of Plan N apart from what is covered by Original Medicare Part A.
- Part A deductible.
- First 3 pints of blood (if needed).
- Skilled nursing facility coinsurance.
Health Net versus Blue Shield of California
Health Net is not the only Medicare Supplement Plan provider in California. One of their biggest competitors that offers similar products is Blue Shield of California. Blue Shield also known as Anthem Blue Cross is well-known for its competitive rates and its ACA health plans. While comparing the two health insurance providers in terms of Medicare health insurance plans, we discovered Blue Shield has a slight advantage over Health Net.
Both Health Net and Blue Shield focus on the Small Business market, so it is not odd companies are regularly compared to each other. As for Medicare Supplement plans, both Health Net and Blue Shield provide significantly competitive pricing. Medicare Supplement Plans’ benefits offered by both companies are identical, as well as the networks for the supplement plans.
Kaiser versus Health Net Comparison
Kaiser Permanent is a prominent health insurance company in California. The organization has been operating in the United States since 1945. Kaiser is a close competition to the Health Net of California in terms of Medicare Advantage Plans. However, it is quite hard to compare both carriers in this area since Kaiser has its own type of HMO plans and PPO plans. If both carriers were to be compared based on their Advantage Plans (HMO) or provider network, Health Net takes the lead here.
Is Health Net a Good Supplemental Insurance for Folks on Medicare?
Health Net Medigap products are highly recommended to people in California because of their competitive rates and provider network/flexible HMO model. Also, policyholders have the liberty to choose their preferred hospital or doctors as long as they accept Medicare.
Our Recommendation
Health Net is definitely one of the top Medicare Supplement Insurance providers with affordable premiums and good financial strength. Health Net has quite a wide range of Medicare Supplement and Advantage Plans, but the availability of these plans depends on where you reside. Their highly competitive Plan F premium and no policy fees give them a good edge in the Medicare supplement industry.
thumb
To receive a free quote and to compare Medigap plans, please call us at 800-208-4974, we’ll help you determine which plan is best for you.
Read More:
Share this on:
