Aetna supplement plans offer a variety of options for those on Medicare. There are several different types of coverage available, and each offers its unique benefits and features. In this article, we will take a closer look at Aetna supplemental plans, what they cover, and how they can help you get the most out of your Medicare coverage.
Aetna Quick Overview
Aetna is an established health insurance provider with generally positive reviews despite some issues with billing and customer support.
Part of CVS Health, Aetna is one of the nation’s oldest and most respected insurance providers. It provides health coverage to more than 39 million Americans, including 9.2 million Medicare beneficiaries, and nearly 1 million members have an Aetna Medicare plan.
If you’re turning 65 or if you’re ready to change plans, the information in this guide can help you find the best Aetna Supplement plans (also called Medigap) for your needs.
What Do Their Plans Cover?
Aetna Medicare Supplement insurance plans and other Medigap plans differ from Aetna Medicare Advantage plans in that they work as an extension to your Original Medicare Part A and B benefits and are compatible with Part D prescription drug coverage, instead of being an alternative to them. Aetna Medigap plans can:
- Lower or eliminate your Medicare Part A deductible for hospital care
- Cover your 20% coinsurance rate for Medicare Part B medical services and diagnostics
- Some policies include an out-of-pocket maximum that can help you control your health care costs
- Some Medigap plans offer extra benefits, such as coverage for foreign travel emergencies, fitness benefits, emergency care, and more
Due to federal regulations, coverage terms are standard for all Medicare Supplement insurance plans.. Monthly premiums and underwriting policies vary by provider.
Supplement Plan Options
Aetna Supplement Plans offer five Medigap options, including Plan A, Plan B, Plan F, Plan G, and Plan N. A high-deductible version of Plan F is available in some ZIP codes. The Centers for Medicare and Medicaid Services (CMS) requires all private insurance providers that sell Medigap plans to provide Plan A. These companies must also offer Plan C or Plan F.
Plans C and F will pay your $203 Part B medical services deductible but are only available to beneficiaries who became eligible for Original Medicare before 2020. If you reached age 65 since these laws changed, you can receive similar benefits through Plan D or Plan G, but Medicare Supplements can no longer cover your Part B deductible if you’re a new beneficiary.
All 10 Aetna Supplement Plans that are authorized by the government include standardized benefits. However, there are some differences if you live in Minnesota or Wisconsin, which have different requirements. Aetna does not offer Medicare Supplements in Connecticut, Hawaii, Maine, Massachusetts, New York, Washington, or Washington, D.C.
Plan Reviews and Ratings
Reviews show that most customers are happy with their Aetna Supplement Plans. Competitive premiums, low copays, and rapid claims processing helped boost the company’s overall rating despite variable customer service and occasional billing issues.
Trusted ratings and reviews can help you understand how an insurer’s plans stack up against the competition. See how A.M. Best, the Better Business Bureau (BBB), and more rate Aetna Medigap plans.
A.M. Best financial strength rating: AA.M. Best is a credit rating agency that specializes in the insurance industry. In December 2020, A.M. Best affirmed its Rating of A (Excellent) for Aetna Life Insurance Company and the other operating entities of Aetna that are wholly owned subsidiaries of CVS Health. AM Best also affirmed its A (Excellent) FSR rating of Texas Health Aetna, as well as Allina Health and Aetna Insurance Company, which are joint ventures with subsidiaries of Aetna Inc.
An A rating in this category indicates that A.M. Best believes Aetna has an excellent ability to meet its ongoing insurance obligations.
BBB rating: Aetna has an A+ rating from the BBB with more than 150 years in the insurance industry. Ratings are based on 229 complaints closed in the last year and 644 complaints closed in the past three years.Consumer Affairs rating: 3.9 According to Consumer Affairs, Aetna Health Insurance has an average rating of 3.9 out of five stars based on more than 2,100 reviews. Scores were influenced by the company’s customer service and competitive monthly premiums.
If you are interested in an Aetna Supplemental Plan. Please give us a call. We are always here to help.