If you are looking for information on Aetna Medicare Advantage Plans, you have come to the right place. In this blog post, we will discuss what these plans are, who they are for, and how they can benefit you. We will also look to compare Aetna’s different Medicare Advantage Plans. This way you can find the one that fits your needs. So, whether you are just starting to research your options or you are ready to enroll in a plan, read on for all the information you need!
A Little About Aetna
Established in 1853, Aetna is one of the nation’s oldest insurance companies, and it’s processed Medicare claims since 1966. Today, Aetna is owned by CVS Health, and it insures more than 39 million individuals, including 9.2 million Medicare beneficiaries. The company offers an impressive selection of Medicare Advantage Plans in 46 states and the District of Columbia. These plans provide medical care and a variety of extra benefits and give excellent value.
The company also manages stand-alone prescription drug plans and sells Medigap supplemental insurance. If you’re enrolling in Medicare for the first time or want to change coverage, learn more about some of the Aetna Medicare plans that may be available in your area.
What Do Their Plans Cover?
Also called Medicare Part C, Medicare Advantage combines Part A and B benefits with various extra services. Most Aetna Medicare Advantage Plans include:
- Prescription drug coverage
- Vision
- Dental
- Hearing
- Wellness benefits, such as free gym memberships
- Medical transportation (some plans)
- Wellness over-the-counter medications (some plans).
If you have certain chronic medical conditions, such as cancer or Alzheimer’s, you may qualify for a Medicare Advantage Special Needs Plan that serves a specific population group. With Medicare Advantage, you continue to pay your Original Medicare premiums. In many cases, there’s no additional cost.
The company’s Medigap plans work with your Original Medicare Parts A and B. You can use this supplemental insurance to help pay for copays and deductibles. Aetna’s Part D, or prescription drug coverage, is another add-on plan for seniors with Original Medicare, specifically designed to help pay for prescription medication.
Here Are Their Plan Options
Aetna offers a wide selection of HMO and PPO Medicare Advantage Plans. Coverage options vary by county, but if you live in a major city, you can typically choose between four to 10 plans. HMOs have lower copays and out-of-pocket expenses since most services are delivered by a network of contracted providers. You must select a primary care physician, and pre-authorizations are generally required for specialist visits. PPOs give you the freedom to visit in- or out-of-network providers, although copays and coinsurance rates are lower when you choose a preferred provider.
Aetna has various Part D and Medigap plan selections specific to your state of residence. Learn more about some of the Aetna Medicare plan options that may be available to you.
Trusted ratings and reviews can help you understand how an insurer’s plans stack up against the competition. See how Medicare, A.M. Best, the Better Business Bureau and more rate Aetna Medicare plans.
Medicare rating: 4 starsAetna has a longstanding reputation in the insurance industry. Its Medicare plans typically receive favorable reviews, and the company has an overall quality rating of 4 stars from the Centers for Medicare & Medicaid Services.A.M. Best financial strength rating: AA.M. Best is a credit rating agency specializing in the insurance industry. In December 2020, A.M. Best affirmed its Financial Strength Rating of A (Excellent) for Aetna Life Insurance Company and the other operating entities of Aetna that are wholly owned subsidiaries of CVS Health. A.M. 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.
Aetna’s Plans Reviews and Ratings
An A rating indicates stability to meet ongoing obligations.
BBB Rating: A+Aetna has an A+ rating from the Better Business Bureau. Although the carrier has had more than 200 complaints in the past year, very few issues were related to its Medicare coverage or Advantage Plans.NCQA rating: 2.5 to 4.5 stars. According to the National Committee for Quality Assurance, satisfaction ratings for Medicare plans issued by all Aetna divisions range from 2.5 to 4.5 stars, with more than 40 plans receiving high-performance ratings. Consumer Affairs rating: 4 Consumer Affairs gave Aetna a similarly high rating of 4 stars with more than 1,000 consumer reviews. Beneficiaries appreciate the carrier’s low rates, large provider network, and long-term care services for aging in place. J.D. Power ranking: 7th out of 10 In its 2022 Medicare Advantage Study, J.D. Power measured Medicare Advantage Plan satisfaction based on coverage and benefits.
If Aetna sounds like a fit for you or your spouse. Please give us a call and we can get you set up.