Aetna is one of the highly reputable private insurance providers today. They sell
a variety of Medicare Supplementary plans. If you don’t have the basic Medicare
yet, you are advised to purchase it from the Original Medicare group before you
can buy a specific Medigap plan from a private provider. Aetna provides for a
number of supplementary plans and some other options. We will discuss
what these are and what Aetna Medicare is like.
Medicare Advantage is one powerful plan offered by Aetna. You may wonder what is in it that’s not present in a Medigap plan? Medicare Advantage provides cover for those already included in the basic Medicare plan which is the Medicare Part A and Part B. Its function extends further though. Aetna’s Medicare plans are also known for as Medicare Advantage with prescription drug coverage (MAPD). This entails inclusion of Medicare Part D which handles prescription drug fees.
This specific form of Medicare Advantage plan is considered strong and highly comprehensive in terms of coverage for health-related expenses. It can also cover for health checkups and other commonly encountered fees left uncovered by the basic Medicare. Keep in mind that signing up for this particular plan will mean you won’t be able to sign up for any supplementary plan. You need to pick one as their cover can overlap and it is not allowed.
Medicare Supplement Plan N
The Supplement Plans
For your basic information, there are ten various Medicare Supplement plans designed by Medicare. Just as any other private insurer, Aetna only sells a specific selection of plan under their management. They sell what they consider as top performing plans in their lineup which can change over time. They also have the power to set their own price range for their plans. As you do your comparison, you can see every insurer possess different rates. Keep in mind though that regardless of insurance provider, the level of coverage for a particular plan will always be fixed as standardized by Medicare.
Medigap plans are made to fill in the gaps left uncovered by the Original Medicare. The different plans are structures in such a way that they provide unique level of coverage as well. We shall explore the popular Medicare Supplementary plans among seniors and maybe you will see something that matches you better.
Aetna Medicare Supplement Plan F
Among all Medicare Supplement plans, this Plan F is the most comprehensive one as it gives you full coverage for all supplementary expenses. Everything on the list including the deductibles for Medicare Part A and B, copayments for Part A and Part B, excess fees for Part B, hospice coinsurance costs for Part A, skilled nursing care coinsurance costs, blood use up to three pints per year as well as foreign emergency transportation.
The downside of such perfect plan is its expensive premiums which can totally hurt a person’s budget. Due to that price issue, Medicare posted restrictions and only those existing Plan F holders can access it for renewal. It is a closed pool which ensures no new subscriptions can happen. It is the most comprehensive and the most expensive at the same time. Some people consider switching to another plan because of it.
Aetna Medicare Supplement Plan G
For those disheartened of Plan F’s soaring premiums, Plan G offers the next possible plan as it provides high coverage almost the same as Plan F. The positive side in this plan is costs far less than Plan F. This makes it a valuable plan for seniors. The only difference between Plan G and Plan F is the Medicare Part B deductible for which the customer will have to pay out themselves. There is extremely minimal difference in cover between Plan F and Plan G, so you can see why Medicare posed restrictions in Plan F to protect consumers from expensive choices. Aetna offers Plan G at very competitive prices. You can check and compare to see if you have got the best deal for this plan.
Aetna Medicare Supplement Plan N
Plan N is another popular Medicare Supplement plan available through Aetna. To put it simply, Plan N provides cover very similar to Plan G. You are guaranteed coverage for Medicare Part A’s deductible, copayment and hospice coinsurance, Part B copayment, skilled nursing care coinsurance, same three pints of blood coverage every year and foreign travel exchange during emergency health situations. The only exceptions in cover are the Part B deductible or excess fees, and some little copayments for each time you head to the doctor or visit the emergency room. All in all, it still provides for a strong cover though not necessarily complete. The out of pocket expenses involved are not heavy at all and somehow not worth covering. Part B excess fees are even considered rare expenses. All these sum up to a much more affordable plan but still covering for the vital parts. This is considered to be the most economical plan of all giving seniors a sigh of relief.
Buying through Aetna
We now have discussed all the plans including Aetna’s Medicare that seem to be on popular demand for quite some time now. Have you developed an idea as to which plan you will go to? We suggest taking your time in comparing different plans from different insurance providers. This is about you and your needs. It is all uniquely about your situation. Other people’s choices may not be the best option for you, and nothing is wrong with that. You are the captain of your ship after all.
Once you are able to determine fully your choice of plan, you can go to Aetna’s official website and start the application process when you’re ready. Just remember the general eligibility criteria. You must possess the basic Medicare during subscription and must be 65 years old and above. The best time to apply for a Medigap plan will be six months before turning 65. This ensures your approval regardless of any existing health condition and you get the cheapest option too. You need to be smart to protect your choices and to save money as well. An informed decision is crucial when obtaining the best possible plan.