Out of all the Medicare Supplement plans, it is Plan G that most seniors sign up for. They have 10 different plans to pick from, but Plan G is the most popular and has been for the last few years. Aetna Plan G is a very economical plan from a very trusted and well-known insurance company. It can cover many of the medical expenses that you probably are paying right now, and we will cover what those are and how this plan compares to some of the others that you can get from Aetna.
What Expenses Plan G Covers
Each of the 10 Medicare Supplements offers something a bit different from one another. Some will cover lots of medical expenses while other cover just a few. Plan G lands on the high end of the scale, covering most healthcare costs that fall under the classification of supplemental. The list of coverage it provides is extensive, but we will include it here for your benefit:
- Medicare Part B excess charges
- Medicare Part A hospice coinsurance or copayment
- Skilled nursing care coinsurance or copayment
- Medicare Part A deductible
- Medicare Part A copayment
- Medicare Part B copayment
- Three pints of blood, annually renewed
- Emergency medical transport in foreign countries
That is just about all the supplemental expenses that there are. In fact, the only thing missing from this list that is also considered to be a supplemental medical cost is the Medicare Part B deductible. That’s something that you would have to pay $183 for, and you pay it only once per insurance plan term.
Who Can Get an Aetna Plan G?
Plan G is available to anyone who meets the eligibility requirements. That simply means that you need to be 65 years old, or you need to have what is known as a qualifying medical condition. End stage renal disease and most disabilities are classified as qualifying conditions.
You also need to have Original Medicare. That plan is required for Medicare Supplement plans (like Plan G) to work. You are allowed to sign up for both the Medicare plan and the Supplement plan at once, if you want to. You just won’t be able to receive any coverage from the Supplement plan until your Medicare plan activates. Keep in mind at both plans may not activate at the same time, and you may be without coverage for a few months.
In order to sign up for Plan G through Aetna, you have to fill out an application with Aetna. Even though the plan is labeled as a Medicare plan, you won’t buy the plan through Medicare. All Supplement plans have to be purchased through private insurance providers, such as Aetna.
Who Needs an Aetna Plan G?
Plan G can be a great choice for seniors who have a lot of healthcare expenses to pay. However, it’s not an ideal plan for everyone. Aetna Plan G is designed as a high coverage plan, which means that it covers a lot of expenses. Of course, you saw that if you looked at the list we provided above. That means that it simply won’t be a good option for someone who is in relatively good health or who has a very small budget to work with. It’s a costly plan, thanks to all it provides, and while it is very economical and offer lots of value, it isn’t designed for just anyone. You really do need to have a lot of medical expenses for this plan to be a good fit for you.
In order to determine if Plan G is a good fit for you, you will need to examine your own healthcare expenses and your budget. Find out if Plan G is covering things that apply to you or if it is offering coverage that takes care of expenses you are unlikely to pay over the coming year. If you are unsure of what expenses you may be responsible for over the next year, then you can talk to your doctor about your health and what types of medical issues you may have to deal with for the next 12 months. Your doctor may not be able to predict those things with 100% accuracy, but a doctor can estimate fairly precisely what is liable to happen to your body over a relatively short period of time like that. A discussion with your doctor about your next year of health can give you the kind of perspective you need to make an informed choice.
Comparing Aetna Plan G
We suggest that you compare Pan G not only to your own healthcare needs but also to some of the other Medicare Supplements. There are some other plans that are similar in coverage and price point to Plan G that are worth considering.
Plan F offers you a bit more coverage, for example, and it costs a bit more. This full coverage plan adds on cover for the Medicare Part B deductible. That’s is a $183 charge that is due every coverage term.
If you go with Plan N, which offers slightly lower coverage than either of these two plans, then you will have the pay that deductible. You will also need to pay for any Part B excess charges, if they occur. They are unlikely in most situations, but some people do save a lot of money with this particular item of coverage. Plan N also asks you to pay some copayments each time you visit the emergency room or the doctor’s office. These will only run you $20-$50, though.
It’s a good idea to spend some time comparing Plan G to some of your other options. You might be surprised at how much better suited some of the other plans will be to you. Aetna Plan G is a good option for many seniors, but you will have to determine for yourself if it fits you well or not. Hopefully, the information we have provided here helps you to make that decision.