Which Aetna Medicare Supplement Do You Need?

By James O'Neal

Your golden years will glow brighter if you don’t have to worry about getting hit with unexpected medical costs.

Being covered by Medicare does cover a good chunk of your medical care. But there are hefty gaps in Medicare’s coverage that could leave you with overwhelming bills.

Don’t fall through one of those gaps. Instead, use a Medicare supplement to pick up the slack.

Aetna Medicare supplement plans offer a range of good choices that will fit your budget and keep you fully covered.

Here’s all the information you need so you can choose the one that is right for you.

What is a Medicare Supplement Plan?

Medicare supplement plans (also known as Medigap) is private health insurance that covers medical costs not covered by Medicare. Those costs can include deductibles, coinsurance, and copayments.

And they can be significant.

Medigap coverage allows you to budget for your medical costs. It offers you protection against unexpected medical bills.

It also means you don’t have to deal with complex medical bills on your own.

Medigap plans are used by about twelve million seniors and other Medicare beneficiaries. Studies show nine out of ten people on Medigap plans are satisfied with them.

Filling the Gap

You could try going through your after-65 life with just Medicare Parts A and B.

But original Medicare does not cover everything, and there is no maximum for out-of-pocket costs.

Sooner or later, those costs will get you.

In addition, even if Medicare covers a service or item, you are going to have to pay deductibles, coinsurance, and copayments before Medicare kicks in.

That’s why you need something to fill the gap.

Choosing Your Aetna Medicare Supplement

Aetna has been around for over 160 years. It paid its first Medicare claim in 1966.

The company offers a choice of plans to fill the Medicare gap for you.

In order to choose an Aetna Medicare supplement, you must already be enrolled in Medicare Parts A and B, and you must live in a state where Aetna offers plans.

Features of All Plans

There are certain components that all Aetna Medicare supplement plans share.

These include coverage for Medicare Part B coinsurance (generally 20 percent of Medicare-approved costs) or copayments for hospital outpatient services.

All Aetna supplement plans also cover the hospitalization per day coinsurance, plus coverage for an additional 365 days after Medicare benefits end.

In addition, all plans pay for the first three pints of blood drawn each year, as well as the Part A coinsurance for any hospice care.

There’s More

Wait, there’s more.

Aetna Medicare supplement plans all allow you to move anywhere within the United States and will not change or cancel your coverage. Just as long as you pay your premium on time.

Best of all, there are no network restrictions. You can choose any doctor who accepts Medicare patients.

Aetna Medicare Supplement Plan Details

Let’s dive into the details on the different Aetna Medicare supplement plans so you can make an informed choice.

Plan A

Plan A is typically one of the least expensive supplement plans offered by Aetna.

It covers 100 percent of:

  • Medicare Part A coinsurance and hospital costs (up to 365 days after Medicare benefits are used)
  • Medicare Part B coinsurance or copayment
  • The first three pints of blood drawn each year
  • Part A hospice care coinsurance or copayment

Plan B

Plan B covers everything Plan A covers, plus 100 percent of your Medicare Part A deductible.

Plan F

Plan F covers everything offered in Plans A and B. It also covers 100 percent of:

  • Skilled nursing care facility coinsurance
  • Medicare Part A and Part B deductibles
  • Medicare Part B excess charges

In addition, Plan F covers 80 percent of foreign travel emergency costs up to plan limits.

Plan F is the Aetna supplement plan chosen by more seniors nationwide than any other.

Plan G

Aetna’s Plan G is identical to Plan F except that it does not pay the Part B deductible.

Plan G might be a good option if you’re sure you can meet the Part B deductible each year.

Plan N

Plan N covers everything Plan F does except both the Part B deductible and the Part B excess charges. It does require members to pay modest copays for some doctor visits or trips to the emergency room.

Plan N is less expensive than F or G and might be a good choice for a relatively healthy person who can pay some modest expenses out-of-pocket each year.

Enrolling in 2018

Unlike with Medicare Advantage (Part C and another Medicare option), with Medicare supplement plans, there are no certain times of the year during which you have to enroll.

However, there are times when you can enroll in Medigap plans without having to answer any health questions.

You get a guaranteed enrollment period when you first turn 65 and qualify for Medicare Parts A and B.

Also, under certain other circumstances, you can enroll without having to answer health questions. Those circumstances include losing insurance from a union, employer or the government, or moving away from an insurance company’s service area.

Even if you don’t have a guaranteed enrollment period or meet those circumstances, you may still qualify for an Aetna Medicare supplement plan by answering a few questions.

Keep in Mind

It’s important to keep in mind that Aetna’s Medicare supplement plans do not replace your original Medicare coverage. They are meant to work alongside your Parts A and B benefits.

You must stay enrolled in original Medicare to be eligible for the Medigap coverage.

What About Prescription Drug Coverage?

Another important factor to consider is that prescription drug coverage is handled separately under Medicare.

Congress authorized Medicare Part D prescription drug plans under the Medicare Prescription Drug, Improvement, and Modernization Act of 2003. This act made Medicare prescription drug coverage available for the first time in 2006.

You can get drug coverage through the Aetna Medicare Part D supplement plan. Or, you can get it through a Medicare Advantage Plan.

Let Us Help You

With Medicare and its supplements, it can feel like you are playing a game of alphabet soup. But once you understand what’s in each part, you’ll be able to choose the coverage that keeps you happy and healthy.

Time is of the essence though when it comes to choosing your Medicare coverage. Don’t delay and risk losing out on important benefits.

We can help you choose the right plan. Contact us today!