Aetna offers Medicare Supplement plans, also known as MedSupp or Medigap plans which can help cover several of the things that ordinary Medicare does not. One of the popular Medicare Supplement plans offered by Aetna is Plan G. Well, here we are going to talk about Aetna Medicare Supplement Plan G.
What Is Aetna Medicare Supplement Plan G?
Aetna Medicare Supplement Plan G is one of Medicare supplement policies which fill the coverage gaps in original Medicare. For this reason, lots of seniors purchase Aetna Medicare Supplement Plan G to reduce their out-of-pocket medical costs while enrolled in Medicare. Although Aetna Medicare Supplement Plan G is one of the most comprehensive policies available, the plan does not cover the Medicare Part B deductible.
How Does Aetna Medicare Supplement Plan G Work?
Aetna Medicare Supplement Plan G is a supplemental Medigap health insurance plan which is available to individuals who are disabled or over the age of 65 and currently enrolled in both Part A and Part B of Medicare. Aetna Medicare Supplement Plan G is one of the most comprehensive Medicare supplement plans which are available to purchase.
Aetna Medicare Supplement Plan G is a supplemental policy, meaning it is not your primary coverage, however it fills many of the gaps in a Medicare policy. Part A/Part B benefits pay for health services you need. Also, Aetna Medicare Supplement Plan G covers some of the expenses related to your Medicare policy. For instance, Medicare Part A has a deductible of $1,556 in the year of 2022. If you do not have Medicare Supplement Plan G, you pay that deductible out of pocket. However, with Plan G coverage, your health insurer pays the entire deductible.
What Does Aetna Medicare Supplement Plan G Cover?
Lots of retirees who are enrolled in Medicare want to have as much of their out-of-pocket Medicare expenses covered as possible. Many of them choose for a Medigap Plan F, which is more expensive, covers many of these out-of-pocket costs. The cost will be a little out of reach for others, which is why one of the most common questions we receive is whether or not Aetna has a Plan F Medicare Supplement Plan which is less expensive and offers much of the same coverage. The answer is yes. Aetna Medicare Supplement Plan G covers lots of the same things as Plan F, however with a more affordable price point.
Aetna Medicare Supplement Plan G covers things like:
- Medicare Part A hospital co-insurance. Also, all costs up to a year after your Medicare benefits expire.
- Medicare Part A hospice care co-insurance or co-payment.
- Medicare Part A deductible.
- Medicare Part B preventive care co-insurance or co-payment.
- Medicare Part B excess charges.
- Up to three pints of blood for a transfusion or medical procedure, provided that the hospital must purchase the blood.
- Co-insurance coverage for skilled nursing facility
- Foreign travel emergency
Also, you are going to be glad to know that Medicare plans are the same, no matter what state you live in. Medicare supplement plans may vary in cost and features but you are able to feel confident that with an Aetna Medicare Supplement Plan G, you are going to have the coverage you are looking for with a less expensive price point.
How Much Does Medicare Supplement Plan G Cost?
For your information, Medicare Supplement Plan G costs between $120 and $364 per month in the year of 2022 for a 65-year-old. You are going to see a range of prices for Medicare supplement policies because each insurance company utilizes a different pricing method for plans. Furthermore, your exact price for Medicare Supplement Plan G will also be determined by your location, age, gender and health. For this reason, it is important to compare rates among different Medicare providers so you are able to get your best Medicare rate possible.
Are Medicare Supplement Plan G Premiums Tax-Deductible?
Medicare Supplement Plan G premiums are health expenses, so they are considered tax-deductible on a federal tax return. If you spend more than 7.5 percent of your adjusted gross income on eligible medical expenses, then itemizing can assist you save.
Plan G and Plan N – The Most Popular Medicare Supplement Plans Offered by Aetna
The most popular Medicare Supplement plans offered by Aetna are Plan G and Plan N. Now, we are going to talk more about these two most popular Medicare Supplement Plans offered by Aetna; Plan G and Plan N. Both Aetna Medicare Supplement Plan G and Plan N offer the same coverage for Medicare Parts A and B deductibles and coinsurance. Also, skilled nursing and rehab facility stays, foreign travel emergency and hospice care.
With Aetna Medicare Supplement Plan G and Plan N, you are going to be responsible to pay the annual Medicare Part B deductible. This deductible will reset every January and it can change from year to year. With Aetna Medicare Supplement Plan G, after you meet this deductible for the year, you are going to have 100% coverage for the remainder of the year. With Aetna Medicare Supplement Plan N, after you meet the Part B deductible for the year, you are able to have up to a $20 copay for primary or specialist office visits. Telehealth visits, where you are able to consult with a doctor over the phone, are not office visits, so there is no co-pay for this service.
Another co–pay you were able to have with Aetna Medicare Supplement Plan N is if you go to the Emergency room, then you are able to have up to a $50 co-pay. But, if you are admitted as an inpatient to the hospital, the copay is waived.
Need to know that one other benefit that Aetna Medicare Supplement Plan N does not cover is Part B Excess Charges. Excess Charges are rare, and we do not see this occur very often. If you see doctors that accept Medicare Assignment, or Medicare as payment in full, then you will not need to worry about Excess Charges.