Medicare insurance alone isn't enough to cover all of your medical and prescription drug needs. The learning process when you are New to Medicare can also be confusing. First you have to figure out the parts of Medicare and what they cover. Then there are many options when choosing an insurance company for your supplemental Medicare insurance.
One experienced, reliable option is Aetna Insurance Company. They are a very well-respected insurance company with excellent financial ratings that you can trust. They have been in business for over a century, and they offer a variety of Medicare insurance options for seniors in most states.
Medicare Supplement Plans
Aetna Medicare supplements, also known as Medigap plans, are standardized by the government but purchased through an insurance company or Medicare insurance broker. You can visit any doctor that accepts Medicare and it is accepted in all states. Medicare supplements are also guaranteed renewable. You cannot be dropped if you develop new health conditions down the line.
Medigap plans plans pay after Medicare. Your providers will send their bills to Medicare. Medicare will process them and pay claims accordingly. Any remainders is then sent to your supplement company.
There are 10 Medicare supplement plans to choose from with Plans F and G being the most popular. Plan F is the most comprehensive Aetna Medicare supplement. It greatly reduces out-of-pocket expenses and offers predictable medical costs. It is the most expensive premium of the 10 options, but it literally covers all of the gaps. When you go to a doctor appointment, there will be no copay. When you go to the hospital, there will be no deductible or out of pocket spending. You can keep your wallet at home.
Unfortunately, Plan F will be discontinued for new enrollees beginning in 2020.People who enroll in Plan F prior to 2020 can keep their plan, but people new to Medicare after 2020 can no longer purchase Plan F.
Medicare Supplemental Plan G is the next most comprehensive plan with the only major difference being that the deductible for Part B is not covered. Premiums are lower than Plan F though, so sometimes it’s a great buy. Plan G also tends to have lower rate increases from year to year than Plan F in many states.
In 2010, a new Medigap plan was introduced called Plan N. On this plan, you will pay your Part B deductible, any excess charges, and copays at the doctor and emergency room. Premiums are lower so sometimes it is more affordable than Plans F or G.
If you cannot afford Medicare Supplements, there is an alternative called Medicare Advantage plans. These plans are also referred to as Part C plans.
Medicare Part C Advantage Plans
Medicare Advantage plans are generally a more affordable option for seniors over the age of 65, but you will have to see a doctor that is in your network. HMO and PPO networks are the two most common types.
Medicare Advantage plans pay instead of Medicare Part A and B. Prescription Part D coverage is also included in most plans. This is very convenient because you will not have to switch between insurance cards for the doctor and the pharmacy.
Both will accept the same insurance card, and you will not need to purchase additional coverage. Aetna offers Medicare Advantage plans in many states. Each plan has its own premiums, network, drug formulary and copays for services. Be sure to read the plan’s summary carefully to make sure that you select one that has options that are the most important to you.
You cannot combine a Medicare Advantage plan with a Medicare supplement. The two types of coverage do not coordinate so you need to decide which is best for you and choose just one.
Get Our Help with Medicare Options from Aetna and Other Companies
After learning about Medicare supplements and Medicare Advantage plans you might still have questions. That is completely normal but rest assured that Aetna in conjunction with Medicare provides great medical coverage to meet your needs.
Individuals on a tighter budget can benefit from selecting a Medicare Advantage plan. You don't have to decide alone, contact us at Boomer Benefits and let us carefully explain your options, compare and contrast each plan, and help you decide on which plan is the best fit for your health and your budget. Call us today at 1-855-732-9055.
One experienced, reliable option is Aetna Insurance Company. They are a very well-respected insurance company with excellent financial ratings that you can trust. They have been in business for over a century, and they offer a variety of Medicare insurance options for seniors in most states.
Medicare Supplement Plans
Aetna Medicare supplements, also known as Medigap plans, are standardized by the government but purchased through an insurance company or Medicare insurance broker. You can visit any doctor that accepts Medicare and it is accepted in all states. Medicare supplements are also guaranteed renewable. You cannot be dropped if you develop new health conditions down the line.
Medigap plans plans pay after Medicare. Your providers will send their bills to Medicare. Medicare will process them and pay claims accordingly. Any remainders is then sent to your supplement company.
There are 10 Medicare supplement plans to choose from with Plans F and G being the most popular. Plan F is the most comprehensive Aetna Medicare supplement. It greatly reduces out-of-pocket expenses and offers predictable medical costs. It is the most expensive premium of the 10 options, but it literally covers all of the gaps. When you go to a doctor appointment, there will be no copay. When you go to the hospital, there will be no deductible or out of pocket spending. You can keep your wallet at home.
Unfortunately, Plan F will be discontinued for new enrollees beginning in 2020.People who enroll in Plan F prior to 2020 can keep their plan, but people new to Medicare after 2020 can no longer purchase Plan F.
Medicare Supplemental Plan G is the next most comprehensive plan with the only major difference being that the deductible for Part B is not covered. Premiums are lower than Plan F though, so sometimes it’s a great buy. Plan G also tends to have lower rate increases from year to year than Plan F in many states.
In 2010, a new Medigap plan was introduced called Plan N. On this plan, you will pay your Part B deductible, any excess charges, and copays at the doctor and emergency room. Premiums are lower so sometimes it is more affordable than Plans F or G.
If you cannot afford Medicare Supplements, there is an alternative called Medicare Advantage plans. These plans are also referred to as Part C plans.
Medicare Part C Advantage Plans
Medicare Advantage plans are generally a more affordable option for seniors over the age of 65, but you will have to see a doctor that is in your network. HMO and PPO networks are the two most common types.
Medicare Advantage plans pay instead of Medicare Part A and B. Prescription Part D coverage is also included in most plans. This is very convenient because you will not have to switch between insurance cards for the doctor and the pharmacy.
Both will accept the same insurance card, and you will not need to purchase additional coverage. Aetna offers Medicare Advantage plans in many states. Each plan has its own premiums, network, drug formulary and copays for services. Be sure to read the plan’s summary carefully to make sure that you select one that has options that are the most important to you.
You cannot combine a Medicare Advantage plan with a Medicare supplement. The two types of coverage do not coordinate so you need to decide which is best for you and choose just one.
Get Our Help with Medicare Options from Aetna and Other Companies
After learning about Medicare supplements and Medicare Advantage plans you might still have questions. That is completely normal but rest assured that Aetna in conjunction with Medicare provides great medical coverage to meet your needs.
Individuals on a tighter budget can benefit from selecting a Medicare Advantage plan. You don't have to decide alone, contact us at Boomer Benefits and let us carefully explain your options, compare and contrast each plan, and help you decide on which plan is the best fit for your health and your budget. Call us today at 1-855-732-9055.