Best Aetna Medicare Supplement Plans
Aetna offers a wide range of Medicare Supplement plans, but the question is, which one would work best for you? There is also the question of whether Aetna is a good insurer and do you want to entrust them with helping you shoulder your medical-related costs. We want to answer these questions so that you can figure out how you stand to benefit from a Medicare Supplement plan.
A Brief Background About Aetna
Aetna has a long history dating back to 1853 when the company was founded. However, at the point of formation, Aetna focussed on offering life insurance. As their operations grew, they expanded operations to provide a wide range of insurance covers. They now also offer Medicare Supplement plans designed to bridge the gaps left by the elements that the Original Medicare doesn’t cover.
Aetna does not offer the full 8-plan lineup but they sell some of the essential Medicare supplement covers. It’s possible that the supplement plans Aetna offers might not meet your needs. In that case, you can look up a suitable plan and purchase it from another insurer. Our site is a great resource to use for that. We have a search tool that can help you comb through available options and also access information about current pricing.
Aetna also offers noteworthy member benefits that can be compelling enough for most seniors looking for Medicare Supplements. For instance, just by signing up for one of their plans, you can enjoy exclusive benefits like membership to select gyms and fitness facilities through their Silver Sneakers program.
Another perk that comes with signing up with Aetna is the ability to call healthcare professionals, including doctors and nurses, with medical-related questions. Such abilities help seniors figure out if they even need to go to the hospital altogether or how to medicate while at home.
How To Enroll For One Of Aetna’s Medicare Supplement Plans for 2021
When you turn 65, that is the right time to take up a Medicare Supplement. The open enrollment period typically runs between October 15th to December 7th each year. You can still sign up for these plans earlier as long as you meet certain criteria. For instance, people living with disabilities can take advantage of early sign-up opportunities.
Every senior, in general, can enroll for a Medicare Supplement plan as early as three months prior to their 65th birthday. You also have the window between your actual birthday month and three months after to take up a supplement plan. After that, your window for enrolling closes and there might be some repercussions for late enrollments.
The only way to get a supplement cover if you have had a change of mind after missing out on the initial sign-up period is to wait for the next enrollment window. The dates might change annually but they are always announced ahead of time to help seniors prepare in advance.
You run the risk of having the insurer not factor your pre-existing medical conditions into the cost of the plan if you don’t register for the cover when you are initially eligible. Some insurers may charge you more for the plan or even reject your application altogether just based on your pre-existing medical conditions and when you sign up for the plan.
Compare Medicare Advantage Plans 2021
What are Aetna’s Best Medicare Supplement Plans?
Just like every other insurer, Aetna has a lineup of Medicare Supplement plans they provide. The choices are extensive and it might confuse anyone signing up for a supplement cover for the first time. The plans have several similarities but also notable differences that you should be aware of.
- Medicare Supplement Plan G is one of the options Aetna offers. It does not necessarily top the list as the best but it is the most popular supplement plan that most seniors purchase. The reason is simply because it comes packaged to take care of a wide list of medical-related costs. The plan handles Medicare Part A excess charges like copays, annual deductibles, and hospice care.
The plan also handles Part B copays and excess expenses related to nursing care as well as 80% of the costs accrued from foreign travel for medical care. The plan pays for blood usage covering the first three pints annually.
- Medicare Plan N is another popular plan Aetna sells. It offers great value in relation to the coverage provided. When compared to Plan G, Plan N offers almost the same level of coverage but the major difference comes in the Part B expenses. The plan pays the more expensive costs related to Part B, which when you think about it is highly beneficial. The plan pays the higher copays, foreign travel medical costs, blood usage (the first three pints used annually), and nursing care related to Part B.
When pitting one plan against the other, you get more coverage with Plan G but Plan N is the more affordable option. It just comes down to how much coverage you need and the premium rate you are comfortable paying for the plan.
The Best Aetna Medicare Supplement Plan in 2021
Understandably, each senior’s medical needs differ and therefore, there is no one-size-fits-all solution when it comes to choosing a Medicare Supplement Plan. In fact, that is why several exist with this in mind so that every senior can find a plan that meets their specific needs. It helps to have a conversation with your doctor about what medical costs you will need to insure based on your current health status.
Medicare supplements essentially fill in the gaps when you need to take care of your medical bills and your Original Medicare cover doesn’t meet all the costs. That is why they are also called Medigap plans. The bottom line is that going for either choice equates to purchasing the best Aetna Medicare Supplement Plan for 2021 and in turn, it is an investment in your health. Not only do you get the peace of mind that you have financial backing in the form of the supplement plan when you need it but it also helps you save on costs related to medical expenses.