In this comprehensive review, we’ll provide you with a breakdown of the Aetna senior products, their coverage options, and how each policy works. Whether you’re looking for final expense insurance, Medicare supplements, Medicare Advantage plans, prescription drug plans, dental, vision, and hearing coverage, or other insurance products, Aetna has got you covered.
What Aetna Senior Products Are Available?
Aetna Health and Life Insurance Company offers a wide range of insurance products designed to cover different life events. These include:
- Whole life final expense insurance
- Medicare supplement
- Medicare Advantage
- Dental, vision, and hearing
- Cancer insurance
- Critical illness for heart attack or stroke
- Home care plus
- Recovery care
- Hospital indemnity
- Prescription drug plan
It’s important to note that not all products are available in all states. For example, Aetna does not offer life insurance in New York.
Final Expense Insurance
Final expense life insurance is a significant part of Aetna’s senior supplemental insurance program. Aetna has two affiliate life insurance companies that issue its final expense insurance:
- Accendo Life Insurance Company (ACC)
- Continental Life Insurance Company of Brentwood, Tennessee (CLI)
The Accendo plan was created in partnership with CVS Health, and you will see “CVS Health” printed on Accendo applications and policies. Both ACC and CLI plans offer a discount if you also have recently purchased any Aetna Medicare supplement plan.
Aetna is known as one of the best burial insurance companies due to its competitive pricing, wide availability for new applicants, and favorable underwriting. They offer life insurance to seniors over 80 and accept many health issues that other insurers won’t. With Aetna, you can even get no waiting period life insurance for conditions that would get you declined elsewhere.
Aetna Medicare Supplement Insurance
Aetna Medicare supplement plans, also known as Medigap policies, fill the gaps in original Medicare coverage. These plans help pay for copayments, coinsurance, deductibles, and even medical care when you travel outside the USA. Aetna offers a variety of Medicare supplement plans to suit your needs, including Plan A, Plan B, Plan D, Plan G, and Plan N. Some plans are available only to those eligible for Medicare before 2020, such as Plan C and Plan F.
When you turn 65, your eligibility for a Medigap policy is assured, but after your initial Medicare enrollment, you will have to qualify. It’s crucial to speak with a knowledgeable Medicare insurance agent who can guide you through the process and help you choose the best plan for your needs.
Medicare Advantage Plans
Medicare Advantage plans, also known as Medicare Part C or MA plans, offer an alternative way to receive your Medicare Part A and Part B coverage. With MA plans, you won’t have monthly out-of-pocket costs, but copays will apply when you receive medical care. The advantage of MA plans is the additional free benefits they offer, such as resources for living, SilverSneakers® fitness membership, 24-hour nurse line, prescription home delivery, and more. Keep in mind that the benefits of MA plans may vary depending on your location.
Prescription Drug Plans (PDP)
Aetna’s Prescription Drug Plans (PDP), also known as Part D plans, provide prescription drug coverage. These plans come in different variations, with varying costs and benefits. The more you pay per month, the lower your copays will be when picking up prescriptions.
Dental, Vision, and Hearing Coverage
Aetna offers comprehensive coverage for routine dental, vision, and hearing services. Their plans cover procedures such as fillings, eyeglasses, hearing aids, and more. There are two plans available: Dental, Vision, and Hearing, and Dental, Vision, and Hearing Plus for enhanced coverage. These plans are guaranteed acceptance, meaning you cannot be turned down, and are available to individuals aged 0-89.
Cancer, Heart Attack, and Stroke Coverage
Aetna provides coverage that pays a lump sum cash benefit if you are diagnosed with cancer, a heart attack, or a stroke. The payout ranges from $5,000 to $75,000, depending on the amount you choose when setting up the policy. This coverage can provide financial support during challenging times.
Home Care Plus
Aetna’s Home Care Plus coverage allows you to receive skilled nursing care at home when you need home health care. Medicare has limitations on skilled nursing care coverage, but Home Care Plus policies from Aetna pay cash benefits directly to you, giving you the freedom to choose your care. This coverage is available to seniors aged 50-89, and you can even add on a cancer rider for additional protection.
Recovery Care
Aetna’s Recovery Care policy helps you pay for necessary nursing care after an accident or illness. The cash payout assists in covering copays and deductibles imposed by your health insurance. This coverage pays a cash benefit directly to you, allowing you to choose how and where you recover. There is also an optional home care rider available for additional cash benefits with professional home care visits.
Hospital Indemnity Flex
Aetna’s Hospital Indemnity Flex coverage pays a cash benefit if you are admitted to a hospital. You can choose between a lump sum benefit or daily payments based on your preference. There are also six optional riders available to provide additional cash benefits for events such as skilled nursing care, ambulance rides, and doctor office visits.
Aetna Family Of Companies
Aetna Inc. is a trusted insurance company with multiple affiliates under its umbrella. These affiliates, such as Aetna Health and Life Insurance Company, Accendo Insurance Company, and Continental Life Insurance Company of Brentwood, Tennessee, underwrite various products. Aetna has been in business since 1895 and maintains an A rating with A.M. Best, ensuring their ability to pay your claim. After being acquired by CVS Health in 2018, you will see the CVS logo on some Aetna policies.
FAQs
- How do I contact Aetna? Aetna has different departments to handle customer service inquiries for each type of policy. If you’re an active Aetna policyholder, you can find the contact information on their website or visit their contact page for more details.
Conclusion
Aetna offers a comprehensive range of insurance products that cater to the needs of seniors. Whether you’re looking for final expense insurance, Medicare supplements, Medicare Advantage plans, prescription drug plans, dental, vision, and hearing coverage, or other insurance products, Aetna has you covered. Remember to consult with a knowledgeable insurance agent to ensure you choose the right plan for your needs. With Aetna’s long-standing reputation and extensive coverage options, you can have peace of mind knowing that your insurance needs are taken care of.
