Aetna Medicare Supplemental Insurance

Supplemental plans are created to render extra coverage on top of the basic Medicare plan. If you are one looking for that extra strength in health coverage, you should take a look into Aetna Medicare Supplemental insurance.

Without a doubt, there are numerous private health insurance providers offering same set of plans, however, Aetna is worth your attention as it is a highly established company with heaps of add on benefits outside of the standardized insurance plans. Aetna is a popular insurer in many fields, but for this article we will concentrate on its health insurance and Medicare supplements side of it.

Supplemental plans fundamentally boost your existing health coverage by filling in the gaps left by the basic Medicare. As an existing Medicare plan holder, you are covered for many essential medical services, but Medicare is not a full proof plan. It has gaps and things like deductibles and copayments have to be paid by you. Supplement plans come into stage as they cover those gaps. It relieves you of your role in paying certain out of pocket fees.

Medicare outlines ten different Medigap plans (Medicare Supplementary plans) to provide supplemental coverage of varying levels suitable for a wide group of people. If you think your health is in good shape and will not be requiring a lot of supplemental expenses, going for a low coverage plan with equally lower fees may seem a reasonable option. If you have a high maintenance health situation, going for a high coverage plan with matching competitive fees can be your better choice.

As you turn 65 years of age and you possess an existing Medicare plan, you are free to subscribe for Aetna’s Medicare Supplemental insurance. If you do not currently have a basic Medicare plan, you can apply for it at the same time as applying for the Medigap plan. Medigap plans optimizes your basic coverage, so having a Medicare plan is an unquestionable requirement.

Aetna has its own lineup of plans that appeal to many seniors. One of these is the Medicare Supplement Plan F. This is the only full coverage plan available and has numerous inclusions. It takes care of all copayments for Medicare Parts A and B, its deductibles, excess feel involve in Medicare Part B, the hospice care coinsurance under Part A, the skilled nursing coinsurance fees, usage of up to three pints of blood annually and last but not the least, foreign travel exchange fees.

As you can see, it is a very comprehensive list covered by Plan F and strong enough to eliminate the need for you to pay almost any out of pocket fees. Take note though that it does not provider cover for drugs or checkups for the most part, but it does provide support for many typical health expenses you might commonly encounter. Although peace of mind is guaranteed due to its comprehensiveness, its very expensive rates may cause you some problems, hence some people are opting for other plans with still high coverage but not as high level of costs in premiums.

If you are considering a more affordable plan but still equipped with a high level of coverage, going for Plan G can be your next step. To subscribe for it, simply apply using Aetna’s official website. Again, confirm your eligibility first before starting your application.

All the supplemental expenses covered under Plan F are also covered by Plan G minus one item—the Medicare Part B deductible. If you apply for Plan G, you are expected to shoulder this fee on your own. This can amount $183 which is not a lot. You should consider that when thinking of going for a reasonably high coverage though with minimal out of pocket fees compared to opting for the full coverage Plan F loaded with expensive fees. There are benefits in looking at what Plan G can and cannot cover.

Finally, we will talk about Plan N. This is another highly applied plan among seniors due to its economical price listings and ample coverage. This can still provide you coverage in many supplemental expenses except a few small copayments. You will have to pay $20 for the Medicare Part B excess fees, and $50 for the Medicare Part N deductible. Looking at this part alone, you can tell it is also a very good plan that does not hurt your budget.

If you classify yourself as someone requiring support for many health expenses but does not want to get caught in high fees, Plan N can be a great option. You can also be someone with frequent trips to the doctor or to a health facility and cannot shed out money in paying for fees that may not necessarily apply to them. If you are that person, consider looking at Plan N. The different plans revolve around your needs and budget and not the other way around.

Aetna sells its own lineup of plans that sticks with the standards set by Medicare. They also have their own set of competitive rates on offer for seniors. If you purchase a certain plan from them, you can tell for sure that it is exactly the same plan as what other companies are selling regardless of price as that is their privilege. Once you have officially signed up, rates will be locked in for the whole year’s term although you can make alterations after it. You have freedom to cancel, renew, change plan or change provider by the end of the term.

Aetna Medicare Supplemental insurance has so much potential to offer to seniors in terms of providing great coverage at equally great but not unreasonably expensive rates. If you are about to be eligible soon, looking at your options as early as now can be to your advantage. Compare plans and select a great deal that matches your needs and finances. Stop comparing your decisions with others as choosing for a plan is a personal journey where everyone is inimitable.