by Russell Noga | Updated August 14th, 2023
Navigating the world of Medicare can be challenging, but having a reliable Medicare supplement plan can make all the difference. Aetna, a well-known insurance company, offers a variety of Medicare supplement plans to help bridge the gaps in your Original Medicare coverage.
Among these plans, Medicare Plan G and Plan N have gained popularity due to their comprehensive coverage and attractive premium rates. But how do you determine which plan is best suited for your individual needs?
We’ll explore the features of Aetna’s Medicare Supplement Plans G and N, compare their benefits, and provide tips to help you make an informed decision about Aetna’s Medicare Supplement Plans in 2024.
- Aetna provides seven Medicare supplement plans, with Plan G and Plan N being the most popular.
- Aetna’s Medicare supplement plans offer standardized benefits such as hospitalization, doctor visits, and prescription drugs.
- When selecting an Aetna plan, it is important to assess healthcare needs and compare premiums for optimal coverage at a cost-effective rate. We can help.
Why Choose an Aetna Medicare Supplement?
Aetna is a leading provider of Medicare supplement plans, which are standardized plans offered by private insurance companies that provide identical coverage regardless of the provider.
In contrast to Medicare Advantage plans, Medicare supplement plans allow you to visit any physician, specialist, or hospital in the nation that accepts Medicare Part B, giving you greater flexibility in choosing your healthcare providers.
And unlike a Medicare Advantage plan, no prior authorization is needed when it comes to Medicare Supplement insurance.
Aetna offers a selection of Medicare supplement plans, each with its own standardized benefits.
Aetna Medigap Plan Options
Among the twelve Medicare supplement plans offered by private insurance companies, Aetna provides seven options: Plan A, B, C, D, F, G, and N. While each plan caters to different healthcare needs, Plan G and Plan N have emerged as the most popular choices due to their comprehensive coverage and competitive premiums.
Medicare Plan G offers a greater number of services compared to Plan N, but it comes with a higher premium. On the other hand, Plan F is known for its all-encompassing coverage, including deductibles and coinsurance, making it another sought-after plan.
Medigap Standardized Benefits
Aetna’s Medicare supplement plans follow standardized benefits set by Medicare, ensuring that the same benefits are offered within each plan letter.
Although the specifics may vary depending on the state, the standardized benefits of Aetna’s Medicare supplement plans generally include coverage for hospitalization, doctor visits, and prescription drugs.
This means that you can expect consistent coverage across different plan letters, regardless of the insurance provider.
Aetna Medicare Plan G – The Top Plan?
Medicare Plan G is often regarded as the top plan among Aetna’s Medicare supplement offerings. It covers all medical expenses except for the annual Part B deductible, which is $226 in 2023.
The deductible amount for 2024 should be released soon so keep checking back with us for updates.
Once the annual Part B deductible is fulfilled, Plan G covers 100% of medical expenses.
This comprehensive coverage comes at a higher cost, with premiums ranging from the mid $80s to over $200 per month.
Medigap Plan G Coverage
Aetna Medicare Supplement Plan G is designed to assist in covering the expenses associated with medical care once Medicare Part A and Part B have been utilized. In other words, it picks up the slack where Original Medicare coverage ends.
Medigap Plan G covers all costs after Medicare Part A and Part B, excluding the Part B annual deductible. This means that once you’ve met the annual deductible, Plan G will take care of the rest, providing you with a sense of security and peace of mind.
It’s important to note that Medicare Plan G does not cover the Part B annual deductible. This means that you’ll be responsible for paying the first $226 (2023 amount) of your Part B medical expenses each year before your Plan G coverage kicks in.
However, considering the extensive coverage offered by Medigap Plan G, many people find that this trade-off is well worth the additional expense, especially when compared to the lower coverage provided by other plans.
Medicare Supplement Plan G Rates
The premiums for Aetna’s Plan G vary depending on factors such as age, location, and the plan selected. However, you can expect the range of premiums for Aetna’s Plan G to fall between the mid $80s to over $200 per month.
Use our FREE online quote engine to check Aetna rates in your area.
While this may seem steep, it’s important to weigh the comprehensive coverage offered by Plan G against the potential out-of-pocket costs associated with lesser plans. Ultimately, the decision will come down to your individual healthcare needs and financial considerations.
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Aetna Medicare Plan N – Rising in Popularity
Aetna Medicare Plan N is another popular choice, particularly for those seeking lower premiums without sacrificing too much coverage.
While Medicare Supplement Plan N does come with added out-of-pocket expenses such as a $20 co-pay per in-person doctor’s visit and a $50 co-pay for non-admitted emergency room visits, it still offers substantial coverage for most healthcare needs.
One potential downside to Plan N is the possibility of Part B excess charges, which are extra charges that some doctors may charge up to 15% over regular Medicare rates.
However, it’s worth noting that approximately 99% of physicians in the nation accept the designated rates from Medicare and will not impose Medicare Part B excess charges.
What Does Aetna Medicare Plan N Cover?
Aetna Medicare Plan N is designed to help with the expenses not covered by Original Medicare. This includes coverage for the Medicare Part A deductible, coinsurance for Parts A and B, three pints of blood, and 80% of medical costs incurred during foreign travel.
In essence, Plan N aims to provide a robust safety net for your healthcare needs while keeping premiums more affordable than some of the more comprehensive plans.
It’s important to recognize what Aetna Medicare Plan N does not cover. This includes the Medicare Part B deductible and copayments for certain medical office and emergency department visits.
These additional out-of-pocket expenses should be taken into consideration when comparing Plan N to other options, such as Plan G.
Aetna Medigap Plan N Rates
While the exact premiums for Aetna Medicare Plan N are not explicitly stated, it’s clear that Plan N offers lower premiums compared to more comprehensive policies such as G or F.
This makes Plan N an attractive option for those seeking a balance between coverage and affordability.
When comparing Aetna Medicare Plan N premiums to those of Plan G, you may find that Plan N can be up to $30 cheaper per month, depending on your age and location.
This cost savings, combined with the still-solid coverage provided by Plan N, can make it an appealing choice for many individuals.
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Aetna Medicare Plan G vs Plan N
When it comes to choosing between Aetna Medicare Plan G and Plan N, it’s crucial to weigh the coverage differences and premium costs to determine which plan best suits your healthcare needs and budget.
Each plan has its own set of advantages and disadvantages, and the right choice will depend on your individual circumstances.
In the following sections, we’ll delve deeper into the coverage differences and premium considerations to help you make an informed decision.
One of the main differences in coverage between Aetna Medicare Plan G and Plan N lies in the handling of Medicare Part B excess charges and copayments for specific medical office and emergency department visits.
Medigap Plan G covers Medicare Part B excess charges, ensuring that you won’t face any surprise bills from doctors who charge above the standard Medicare rates. On the other hand, Plan N does not cover these excess charges, leaving you responsible for any additional costs.
In addition to the excess charges, Plan N also includes copays for certain medical office and emergency department visits, which are not present in Plan G. Specifically, Plan N requires a $20 copay for office visits and a $50 copay for emergency room visits if you’re not admitted to the hospital.
While these copays may seem small, they can add up over time and should be taken into account when comparing the plans.
In terms of premiums, Plan G typically comes with a higher monthly premium compared to Plan N due to its more comprehensive coverage.
However, the cost difference between the two plans can vary depending on factors such as age, location, and the specific plan selected.
When comparing premiums, it’s important to weigh the additional coverage provided by Plan G against the potential savings offered by Plan N.
Ultimately, the right balance between coverage and cost will depend on your individual healthcare needs and financial situation.
Use our FREE quote engine on this page to get rates from top companies in your area for Plans F, G, and N.
Is Aetna Medicare Supplement Plan F Worth Considering?
Although Aetna Medicare Supplement Plan F was once a popular choice due to its comprehensive coverage, it is no longer available for new Medicare enrollees. This is primarily due to its high cost, which has led to its discontinuation for new enrollees.
For those who are still eligible for Plan F, it’s important to weigh the benefits of this comprehensive plan against its higher premiums.
Instead, many individuals are turning to Medicare Plan G as a more advantageous choice. Plan G offers the same coverage as Plan F, with the exception of the Part B deductible.
By paying the annual Part B deductible, which is $226 in 2023, out-of-pocket, Plan G enrollees can enjoy lower premiums and still receive comprehensive coverage similar to that of Plan F.
Medicare Enrollment Periods
Aetna offers guaranteed renewability for its Medicare supplement plans during the 6-month Medigap open enrollment period. This period begins when your Medicare Part B coverage is activated and lasts for six months.
This is the most advantageous time to enroll, as you can sign up for a plan regardless of your age or health status.
Additionally, if you are over the age of 65 and still employed, receiving medical benefits from your employer, you may be eligible to enroll in a Medicare supplement policy without facing any restrictions due to pre-existing conditions.
Guaranteed renewability is an important aspect of Aetna’s Medicare supplement plans, as it ensures that your policy will remain in effect as long as you continue to pay the required premium on time.
This means that, regardless of any changes in your health or age, your coverage will not be terminated as long as you meet your financial obligations.
This peace of mind is invaluable when it comes to managing your healthcare needs and expenses.
Tips for Choosing an Aetna Medicare Supplement Plan
When it comes to selecting the right Aetna Medicare supplement plan for your needs, there are several factors to consider.
In the following sections, we’ll provide some tips to help you assess your healthcare needs and compare premiums, ensuring that you make the best decision for your individual circumstances.
Assessing Healthcare Needs
When evaluating your healthcare needs, it’s important to consider your current and future medical requirements, any medications you’re taking, and any pre-existing conditions that may exist.
Additionally, take into account healthcare services that are not covered by Original Medicare, such as dental, vision, and hearing care.
By thoroughly assessing your healthcare needs, you can better determine which Aetna Medicare supplement plan offers coverage that meets your specific requirements.
When comparing Aetna Medicare supplement plan premiums, be sure to consider factors such as age, location, gender, tobacco use, household discounts, how you pay, and rate increase history.
By taking these factors into account, you can better determine which plan offers the most value for your budget while still providing the necessary coverage.
Remember, choosing the right plan is about striking a balance between coverage and cost, so be sure to weigh your options carefully.
Frequently Asked Questions
What are Aetna Medicare Supplement Plans?
Aetna Medicare Supplement Plans, also known as Medigap, are insurance policies offered by Aetna that work alongside Original Medicare. These plans help cover the out-of-pocket costs, such as deductibles, copayments, and coinsurance, that Medicare does not pay.
How many types of Aetna Medicare Supplement Plans are available?
Aetna offers a range of Medicare Supplement Plans, including Plans A, B, F, G, and N. Each plan provides different levels of coverage, allowing individuals to choose the option that best suits their needs.
Are Aetna Medicare Supplement Plans standardized?
Yes, Aetna Medicare Supplement Plans are standardized. This means that each plan, regardless of the insurance company selling it, offers the same basic benefits. However, premiums may vary between insurance companies.
What benefits do Aetna Medicare Supplement Plans typically cover?
The benefits covered by Aetna Medicare Supplement Plans depend on the specific plan. However, common benefits include Medicare Part A and B coinsurance or copayments, hospice care coinsurance or copayments, and the first three pints of blood annually.
Can I see any healthcare provider with Aetna Medicare Supplement Plans?
Yes, with Aetna Medicare Supplement Plans, you have the freedom to visit any healthcare provider who accepts Medicare patients. There are no network restrictions, allowing you to choose doctors and specialists that best meet your needs.
Do Aetna Medicare Supplement Plans include prescription drug coverage?
No, Aetna Medicare Supplement Plans do not include prescription drug coverage. To obtain coverage for prescription medications, you will need to enroll in a separate Medicare Part D prescription drug plan.
Can I switch to a different Aetna Medicare Supplement Plan?
In most cases, you can switch between Aetna Medicare Supplement Plans. However, you may need to undergo medical underwriting if you switch plans outside of your initial enrollment period or guaranteed issue rights.
Are there additional benefits with Aetna Medicare Supplement Plans?
While Aetna Medicare Supplement Plans primarily cover the gaps in Original Medicare, some plans may offer additional benefits, such as coverage for foreign travel emergencies. It’s important to review the specific plan details.
Are Aetna Medicare Supplement Plans available nationwide?
Yes, Aetna Medicare Supplement Plans are available nationwide. However, plan availability and premiums may vary by state. It’s advisable to check with Aetna or a licensed insurance agent to determine plan options in your area.
How can I enroll in Aetna Medicare Supplement Plans?
To enroll in Aetna Medicare Supplement Plans, you can contact Aetna directly or visit their website. It’s recommended to compare different plans, review the benefits and costs, and consult with a licensed insurance agent to ensure you choose the most suitable plan for your needs.
Getting Started with Aetna
Aetna offers a variety of Medicare supplement plans to help bridge the gaps in your Original Medicare coverage. Among these plans, Medigap Plan G and Plan N stand out as popular choices due to their comprehensive coverage and attractive premium rates.
To determine which plan is best suited for your individual needs, it’s essential to weigh the coverage differences, premium costs, and your specific healthcare requirements.
Call us today to compare plans and rates and get your questions answered.
Russell Noga is the CEO and Medicare editor of Medisupps.com. His 15 years of experience in the Medicare insurance market includes being a licensed Medicare insurance broker in all 50 states. He is frequently featured as a featured as a keynote Medicare event speaker, has authored hundreds of Medicare content pages, and hosts the very popular Medisupps.com Medicare Youtube channel. His expertise includes Medicare, Medigap insurance, Medicare Advantage plans, and Medicare Part D.