Aetna Medicare Supplement Insurance Review
After a thorough review, we found that Aetna offers a variety of Medigap plans, household discounts, and additional supplemental policies.
With its solid reputation in healthcare, Aetna is a great choice for those seeking Medigap coverage.
What Impresses Us About Aetna?
| Up to 7.95% lower premiums in certain cases |
| 7% household discount for eligible applicants |
| Guaranteed renewable policies |
| Seven standardized Medigap plan offerings, including popular options like Plan G ($120-$250 monthly) and Plan N ($81-$140 monthly) |
| Standalone dental and vision policies in certain states include benefits like a dental discount card (up to 50% off certain services) and free vision exams as needed. |
Which Medigap Plans Does Aetna Offer?
Aetna offers Medicare Supplement Plans A, B, C, D, F, G, and N.
We understand the number of plan options can be overwhelming, so let’s highlight the most popular that are comprehensive and budget-friendly.
- Plan A is the basic option, covering hospital costs for up to 365 days after using Original Medicare benefits. It also includes coverage for Part B coinsurance or copayment, the first three pints of blood in a medical procedure, and hospice care coinsurance or copayment.
- Plan G offers extensive coverage, including all Plan A benefits and skilled nursing facility care coinsurance, Part A deductible, foreign travel emergency (up to plan limits), and 80% of foreign travel exchange. The Part B deductible is not covered.
- Plan N offers the same benefits as Plan G but with lower monthly premiums and a small copayment for certain office and emergency room visits.
Aetna’s Medigap policies are all guaranteed renewable. As long as premiums are paid on time and in full, the policy cannot be canceled by Aetna. This guarantee remains even if the policyholder develops health conditions or illnesses.
How Much Is a Medigap Plan With Aetna?
Based on our research, the average monthly premiums for Aetna’s most popular Medigap plans are:
Plan G: $120 to $250 | Plan N: $81 to $140 | Plan A: $115 to $200
As an example, we have analyzed Medigap plan premiums in Mobile, Alabama, comparing them to Aetna’s competitors.
| Medigap Plan | Aetna | Cigna | Mutual of Omaha | Allstate |
|---|---|---|---|---|
| G | $137 | $128 | $149 | $121 |
| N | $81 | $88 | $87 | $89 |
| A | $119 | $138 | $98 | $115 |
| F | $158 | $145 | $169 | $140 |
| These sample quotes are for a 65-year-old female non-smoker in AL zip code 36693, without any household discounts. | ||||
Actual premium amounts will vary depending on various factors, including age, gender, tobacco usage, location, and applicable household discounts.
Note: Aetna charges a one-time policy fee for most new enrollees in most states, usually about $20.
Premium Analysis:
Aetna sometimes offers lower premiums up to 7.95%, but often their premiums are significantly higher than those of their competitors.
Does Aetna Offer Discounts on Medigap Plans?
Aetna provides a discount of up to 7% to eligible Medigap applicants for their household. If you and your spouse, partner, or any other adult with whom you have been living for at least a year, both have or enroll in an Aetna Medigap plan, you can be eligible for this discount.
Keep in mind, though, that discount availability may vary based on factors like your state, household status, and application method.
Does Aetna Offer Dental and Vision?
Aetna offers Dental Direct Plus, a comprehensive dental plan that covers 100% of all in-network preventive care. This plan is available for purchase, even if you don’t have any Aetna medical or other coverage.
Aetna also provides an optional dental discount card starting at $7.99 monthly. This card grants you access to 15% to 50% discounts on most services.
Along with the Dental Direct Plus plan, Aetna offers an optional add-on known as the Aetna Vision Preferred plan (this bundle is unavailable in IL, KS, MA, MO, NY, VA, and WA).
The Vision Preferred plan benefits include free in-network exams, up to 40% off extra pairs of glasses, 20% off non-prescription sunglasses, up to 15% off LASIK surgery, and discounts on hearing exams and aids.
Aetna’s Customer Reviews and Financial Ratings
According to the National Association of Insurance Commissioners (NAIC), Aetna’s customer satisfaction is lacking. Aetna has received more complaints with a NAIC complaint index score of 2.77, higher than the industry average of 1.00.
Complaints include unsatisfactory claims handling, delays, copay issues, customer service, and billing problems.
However, Aetna remains financially stable with an A (Excellent) rating from A.M. Best and an impressive A+ rating from the Better Business Bureau (BBB), indicating their commitment to addressing customer concerns.
Bottom Line
It’s worth noting that despite complaints from policyholders, Aetna, one of the largest healthcare providers and a subsidiary of CVS Health, is still a trusted name in the Medigap world. Aetna provides reasonably priced premiums, various plan options, and potential discounts.
If you’re looking for a Medicare Supplement plan, we recommend considering Aetna, and we’re here to help you identify available plans in your area.
Sources: Aetna Medigap Plans | Medigap Plan Cost | Aetna DVH Plans
FAQs
It’s best to enroll in an Aetna Medigap plan during your Medigap Open Enrollment Period. This six-month window begins on the first day of the month you turn 65.
Aetna’s Medigap plans do not include prescription drug coverage, you will need to purchase a separate Part D plan.
