Aetna Medicare Supplement Review

Editor's Rating:

4.6 / 5

Medicare saves lives, but this popular healthcare insurance plan doesn’t cover everything. Aetna offers several Medicare Supplements intended to fill those gaps. Whether you’ve just turned 65 and are looking into your healthcare options or you’ve had Medicare for a while but need additional coverage, this Aetna Medicare Supplement review will walk you through the basics of this popular plan.

Medicare Basics

Medicare is a national health care program for senior adults in the United States aged 65 and older. The program is also open to younger people with specified disabilities who need health coverage. The program is divided into several parts. Parts A, B and D are standard for all who use Medicare, and Part C is elective.

Medicare Part A covers your inpatient and nursing facility care while Part B covers outpatient services as well as cancer treatment and dialysis. Part D covers prescription medications.

Why You Should Enroll in a Medicare Supplement

While Medicare has proven to be a life-saving program for seniors and other enrollees, it, unfortunately, can’t cover everything. Anything not covered by your Medicare plan has to come out of your pocket. Medicare Supplement plans are designed to fill your coverage gaps and keep your out-of-pocket costs at a minimum. For this reason, many companies call these Medigap plans.

Aetna offers five Medicare Supplement packages to ensure that you have all the coverage you need. Your supplement coverage covers things such as skilled nursing and doctor’s office visit copays.

Benefits of Choosing Aetna Medigap Plans

Aetna has been selling insurance since the late 1800s and is a well-respected, trusted company. CVS Health acquired Aetna in 2018 and this merger has led to innovative community health programs that strive to improve health outcomes as well as drive down healthcare costs.

There are several big benefits to enrolling in an Aetna Medicare Supplement program:

  • Freedom of choice to see any provider you want
  • Guaranteed coverage that cannot be canceled regardless of changes in your health or medical conditions
  • Five plan options so you can customize your care to your specific needs
  • Guaranteed rates for 12 months
  • Coverage is portable if you move

Overview of Aetna’s Medicare Supplement Plans

Aetna has five Medicare Supplement plans. They are Parts A, B, F, G and N. Parts A and B are added benefits to what you already have with Medicare. Plans F, G and N are where you start to see some deviations in healthcare benefits that you can tailor to your situation. Below is a breakdown of these latter three plans.

1. Plan F

Plan F is hands-down the most popular Medicare Supplement plan offered by Aetna. While it is the most expensive option, this plan covers everything that regular Medicare does not. With this plan you do not pay any copays for your office visits or nursing. Due to the premium coverage level and popularity of this plan, it usually goes up by 5% to 8% per year.

If you think Plan F is the right fit for your needs and budget, sign up as soon as possible. Plan F is due to be phased out beginning in 2020 due to a law passed in 2015. However, if you are a current enrollee when that policy goes into effect, you will be able to keep your plan.

2. Plan G

Plan G is the second most popular option. With this plan, you won’t have to worry about copays but you will have a deductible in addition to your monthly premium price. Other than the deductible, the coverage in this plan is identical to Plan F.

3. Plan N

This option has the cheapest rate of the Medicare Supplement plans. Like Plan G, you will have a deductible to reach. The biggest difference between N, F and G is that with Plan N you will be responsible for copays. There is a cap on doctor and specialist office visits of $20 per appointment and $50 for the emergency room (however the $50 is waived if you end up being admitted).

All three of these options work well as supplements to your Medicare coverage depending on your unique needs. Additionally, all three plans have the following added benefits:

  • Coverage for foreign travel up to your policy’s limit (usually 80%)
  • Your choice of doctor so long as they accept Medicare
  • Complete coverage of hospital and nursing care

Choosing a plan involves some thought about your budget and health needs. If you need help deciding which plan is best for you, you can contact any Aetna agent to discuss further.

The Application Process

In order to apply for one of Aetna’s supplement plans you must be a current enrollee of Medicare Parts A and B. You can use Aetna’s website to find a plan in your area. There is currently no online enrollment option, so once you have found your desired plan, call the number of the agent listed on the website. The agent will walk you through the process and help you get signed up.

Costs of Aetna’s Medicare Supplement Plans

Depending on the level of care you anticipate needing, there is an Aetna supplement plan for you. Your premium cost will largely depend on where you live and your age. Aetna allows you to lock in your age rate for one year. Generally, the average cost of a low Aetna Medigap plan is $120 per month while a higher benefit plan costs an average of $315.

Consumer Ratings

Aetna has an A+ rating with the Better Business Bureau. Thanks to its long history as a company, it has a strong financial portfolio and a good track record handling consumer issues and complaints. Aetna provides coverage nationally and is a trustworthy business from which to seek insurance.

Find Out More

If you’re interested in learning more about Aetna’s Medicare Supplement program or to see what type of coverage is offered in your area, you can find out more at the website. Regardless of the plan you pick, your Aetna Medigap plan can help you keep your out-of-pocket health care costs under control.

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