2018 Aetna Medicare Supplement Plan G Review – Aetna Medigap Plan G Reviews
Aetna providers Medicare recipients with a number of options, and without question one of the most popular choices for individuals who are just aging into Medicare, as well as those who have been receiving benefits for a number of years, is Aetna Medigap Plan G. Why is that?
Aetna Medigap Plan G (Medicare supplement plan) Fills The Gaps That Original Medicare Can Create
A lot of consumers receiving Medicare benefits are surprised to find out a few years after signing up for Medicare Part A and Part B (or what is also called Original Medicare) that there can be a signifcant amount of out-of-pocket expenses associated with Original Medicare. Often many are surprised by what isn’t covered with respect to prescription drugs, or if someone has a significant hospital stay.
For a detailed analysis of what Medigap Plans F, G and N cover, please see our detailed article on Medicare Plan F, G and N.
Below you will find a detailed analysis and breakdown of what is included with Aetna Medicare Supplement Plan G.
Aetna Medicare Supplement Plan G (Medigap Plan G) Review For 2018
Here’s one tip that can be most helpful when first starting out when researching Medicare Supplement Plans and the various options available under a Medigap plan.
Fact: In all states, excluding Massachusetts, Minnesota, and Wisconsin, every Medigap plan is standardized. What this means, is that regardless of what insurance carrier is offering a Medicare Supplement Medigap Type G plan, all of the benefits are exactly the same from all insurance carriers offering a Type G plan. So unless you live in, MA, MN or WI, the plan benefits that Aetna offers under Plan G, are exactly the same as what Humana offers.
We think that is quite helpful simply because it makes the process of determining what your best options are much easier. Because you do not have to do a side by side comparison of what carrier offers what benefits under Plan G, or Plan F, it often comes down to price and access to doctors and medical facilities.
Comparing Medigap Plan F vs Plan G
Medigap Plan G Covers:
- The deductible for Medicare Part A
- Coinsurance for Medicare Part A
- Hospital coverage for up to 365 days after Medicare benefits end
- Coinsurance or copayments for hospice care
- Coinsurance for skilled nursing facility care
- Coinsurance for Medicare Part B
- Medicare Part B excess charges
- The first three pints of blood in a medically necessary treatment
- Foreign travel emergencies up to plan limits
These are exactly the same benefits as Medigap Plan F, with one notable exception. Medigap Plan G does not cover the Medicare Part B Deductible.
FACT: The Medicare Part B deductible for 2018 is $183 a month. This means that in 2018, even with a Medigap Plan G policy in place, you will still have to pay $183 each month on top of what your monthly premiums are. For many who are on a fixed income, $183 a month, or approximately $2,200 a year, is not an insignificant expense. If you are 63 or 64 and researching Medigap and Medicare Supplements in general, you might think $183 out-of-pocket is no big deal in comparison to costs outside of Medicare. Individuals aging into Medicare often feel like they’re winning the lottery when comparing their costs. That is simply because for anyone 63 or 64, that final year where they have to purchase insurance through an employer plan or the individual market, the monthly costs can be staggering, upwards of $2,000 a month for a single individual.
Monthly Costs For Medicare Plan G vs Medicare Plan F
If you want to get accurate pricing from a variety of insurance carriers, we suggest you speak with a licensed Medicare professional. Because plans are standardized in all but three states, MA, MN and WI, there’s no reason to not have a licensed professional assist you. You’ll most likely save a lot of time, and potentially bypass a lot of the red tape that can slow down first-time enrollees.
To give you some level of expectation on price now, and more importantly highlight the average price difference between Medigap Plan F and Medigap Plan G, we have some example pricing from 2016 listed below.
2016 Average Medigap Plan Pricing
- 2016 Medigap Plan F – $321 a month (Plan F covers the Part B deductible)
- 2016 Medigap Plan G – $262 a month (Plan G does not cover Part B deductible)
For many, going with Plan G might not have made great financial sense, unless of course, they had little to no utilization of their plan services. Or put another way, if someone is very healthy and doesn’t go to the doctor often. In 2016 the Part B deductible was approximately $160, the difference in price between Plan F and Plan G was only approximately $60 a month.
Below are all of the Medicare Supplement Plans – Medigap Plans currently offered under Aetna and what each one covers.
Aetna Medigap Plan Coverage For 2018
|Benefits Provided||Medigap Plan A||Medigap Plan B||Medigap Plan F||Medigap Plan G||Medigap Plan N|
|Medicare Part A coinsurance and hospital costs (up to 365 days after Medicare benefits are used)||100%||100%||100%||100%||100%|
|Medicare Part B coinsurance or copayment||100%||100%||100%||100%||100%|
|Blood (first 3 pints)||100%||100%||100%||100%||100%|
|Part A hospice care coinsurance or copayment||100%||100%||100%||100%||100%|
|Skilled nursing facility care coinsurance||☒||☒||100%||100%||100%|
|Part A deductible||☒||100%||100%||100%||100%|
|Part B deductible||☒||☒||100%||☒||☒|
|Part B excess charges||☒||☒||100%||100%||☒|
|Foreign travel emergency (up to plan limits)||☒||☒||80%||80%||80%|
2018 Consumer Reviews And Ratings Of Aetna Medigap Medicare Supplement Plans
Over the course of 2017, HealthNetwork, the parent company of Medicare.net, emailed more than 5,000 medicare enrollees in order to obtain feedback on their experience with not only Aetna, but other insurance carriers providing coverage options under Medigap. HealthNetwork is a company that reaches more than 15 million health insurance households within the United states on an annual basis. In total Medicare.net received just over 200 responses regarding Aetna and their services with respect to Medicare Supplemental Insurance, specifically Aetna Medigap plans. In total the average consumer rated Aetna Medigap Plans with an aggregate score of 4.5 stars, out of 5 stars. The majority of plans used by those respondents were either Aetna Medigap Plan F, or Aetna Medigap Plan G. We will continue to update their star rating as we continue to do outreach to HealthNetwork members. Individuals are not compensated in any way for their participation. HealthNetwork (company) nor Medicare.net (website) nor any employee of HealthNetwork, has been compensated by any insurance carrier for collecting or publishing this information. This information is published without the permission or editorial overtsight of any insurance carrier.
Closing Thoughts Regarding Aetna Medigap Plans For 2018
As you continue exploring your options under both Original Medicare and a Medicare Supplement Plan (Medigap), as a first step we highly suggest that you speak with a licensed Medicare professional. There’s no risk in doing so, there is no commitment that has to be made immediately, and again one of the main reasons we highly suggest leveraging the services of a knowledgable licensed professional, is simply because the Medigap plan pricing process is relatively quick. You can use the form below, or simply call our toll free number to connect with a licensed professional.