* Plans C and F are only available to beneficiaries who became Medicare eligible before 2020.
** 2021 limits, as defined by the CMS. Once this threshold is reached, your plan will pay for 100% of Medicare-covered services for the remainder of the year.
Medigap plans are standardized in most US states except Massachusetts, Minnesota, and Wisconsin. In all states, with the exception of these three exceptions, the same basic benefits are offered by all Medigap plans.
All Medicare supplement plans pay your Medicare Part A coinsurance and hospital costs. Apart from this, the specific benefits of the diet vary. Some plans have higher deductibles but offer more comprehensive coverage.
For example, some plans have low cost deductibles with little additional benefit. Others have higher deductibles with added benefits like emergency medical coverage when traveling overseas.
Medigap policies also fully or partially cover Medicare Part A and Part B cost-sharing expenses. This will be important to keep in mind when choosing a plan.
Price of Aetna Medicare Supplements
The cost of Aetna’s Medigap premiums varies depending on where you live, your age, when you first enrolled in Medicare, and whether or not you need to go through the medical underwriting process.
Costs also vary depending on each company’s pricing model. There are three ways for insurance companies, including Aetna, to price their Medigap policies:
- Community rated (or No age) All subscribers pay the same price, regardless of their age.
- Age index at issue (or Entry according to age) Your premium is based on your age when you purchase (or purchase) a Medigap policy. Premiums are lower for people who buy at a younger age, but they do not increase with age.
- Achieved – age-rated Premiums are based on your age. The prices will increase as you get older.
Aetna uses this modeling system to define Medigap tariffs. Be sure to consult the plan documentation to understand the price of your specific policy.
Registration for the health insurance supplement
Ideally, you should purchase a Medigap policy during your initial seven-month enrollment period, which includes the three months leading up to your 65th birthday, the month of your birthday, and the three months following your birthday month. During this period, you have guaranteed emission rights to enroll in a Medicare supplement plan at a standard rate.
When you enroll in a Medicare supplement plan at any time other than your initial enrollment period, your insurance provider may begin a medical underwriting process to assess your medical history. They can then charge a higher premium or deny your request altogether.
To purchase a Medigap policy, you must apply directly to the insurance company. You can use CMS Medigap Plan Finder to determine which Medigap plan is best for you. Once you’re ready to purchase your specific plan, go to Aetna website to find a font available in your area.