Aetna is one of the biggest health insurance companies in the United States, but their Medicare Supplement policies have many flaws. I found Aetna’s Medicare Supplement at https://www.comparemedicaresupplementplans.org/to be one of the most expensive, the largest deductible, and the least flexible.
Under Medicare, the Medicare Supplement plans are the most expensive to purchase. The reason for this is the amount of coverage provided is not enough to get by, so some of these plans only cover basic requirements such as a basic medical plan. Although they are available to seniors, those who qualify can not use them because the deductible is so high.
Medicare covers an annual or lifetime maximum of only 33% of the total Medicare benefit package. In addition, the company provides the following supplementary coverage in order to cover the remaining costs: disability benefits, coinsurance and copayments, services not covered by Medicare, and home health services. After the maximum coverage of Medicare is covered, the amount paid is deducted from the account.
The deductibles on Aetna Medicare supplement policies are very high. This means the policy owner will need to pay the rest of the coverage premiums each month. The average policy holder pays approximately twenty-three percent of the premium for an individual policy. The company has a policy that pays ninety percent of the premium if the policy owner is hospitalized for more than thirty days.
The deductibles on Aetna Medicare supplement policies are also one of the most restrictive. For a period of thirty days prior to the actual policy, no deductibles are allowed. During this period the policy owner can get a full medical exam, but cannot receive treatment unless they pay the remaining balance of the deductible.
Many policies do not have a deductible. Becauseof this, the company cannot evaluate the overall value of the policy. As a result, they only pay out the premiums, so the policy owner is left to pay a large portion of the total costs. To make up for this, they increase the monthly premium.
Deductibles have a strong negative effect on the flexibility of the policy. This can be seen in Aetna’s Medicare Supplement plans that have the most restrictive coverage of any health insurance company. Aetna states that their policy limits cover the maximum amount of benefits possible under Medicare, which includes outpatient care, laboratory tests, and even hearing aids. The actual policy limits are less than fifty percent of the actual Medicare coverage.
Co-payments are also very high. In addition to their deductibles, they also have very strict co-payments. Although many people have Medicare coverage that covers their co-payments, this coverage does not include prescription drugs. This means that the company has the right to charge the policy owner a large co-payment.
The company limits the services they offer to basic services. Because most policy holders are unable to get the additional services offered by Aetna, they have the right to charge a very high co-payment. This increases the policy holder’s total costs every month. Even when the policy owner does pay the co-payment, they are only entitled to basic coverage.
If the policy owner waits to purchase the policy until after the deductible is reached, they may not be able to get the coverage they want. The deductibles increase the policy limit, which makes it impossible to get the additional services or care they need. They may find out too late that their deductible is lower than the co-payments and services they would like to receive.
A policy owner who has a deductible can choose to wait until they reach the annual deductible to purchase a policy. Since Aetna pays ninety percent of the premium, it is impossible to go over the deductible and still pay the full premium. There is no waiting period with the policy. The policy expires when the policy owner reaches the yearly deductible.