Understanding Aetna Supplemental Insurance (2022)
Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states.
After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in…
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Written by
Rachael Brennan
Licensed Insurance Agent
Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.
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Reviewed by
Benji Carr
Former Licensed Life Insurance Agent
UPDATED: Feb 15, 2022
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Quick Facts
Aetna offers a variety of supplemental insurance policies to groups and individuals
Aetna is owned by CVS Corporation and is highly rated with strong financial ratings
Aetna supplemental insurance appears to be affordable although rates may vary for individuals, groups, or even seniors
If you currently have health insurance but are concerned your benefits will not be enough, you could consider Aetna supplemental insurance. Nobody wants their insurance policies to fall short and pay too much out of pocket.
Thankfully, we will help with a quick overview of the Aetna insurance plans you can use to supplement your current insurance policy, even for Medicare.
In just a few minutes you will have everything you need to know about Aetna supplemental insurance. Until then, take advantage of our free quote tool above to get instant rates from the top insurance companies near you.
What does Aetna supplemental insurance cover?
Aetna offers supplemental insurance policies to groups and individuals. Of course, Aetna’s group supplemental insurance options will be largely dependent on your employer.
Between its group and individual policies, Aetna has quite a few options for supplemental insurance. They claim to offer cash rewards for supplemental insurance policyholders that can be used for various expenses, even those unrelated to health care.
For full-time employees, you might be able to secure any of the following supplemental insurance policies with Aetna:
Accident plans
Critical illness plans
Hospital indemnity plans
In short, these policy options would be ideal for anyone that believes they are at risk of being severely injured, ill, or hospitalized. Anyone with a dangerous job might want to consider these types of insurance.
According to the University of Delaware, some of the most dangerous jobs include pilots, roofers, miners, garbage collectors, linemen, and even masons. Most tradesmen have jobs that can be considered dangerous if things go awry.
Not everyone is eligible for the aforementioned plans, but Aetna still has additional options to consider if you are looking to improve upon your current insurance plan. These options include:
Health plans
Fixed benefits plans
Dental and vision plans
Aetna MedSure™ is the company’s PPO health plan that meets the minimum standards of the Affordable Care Act, per the company’s website. The company’s other plans will depend on availability in the health insurance marketplace.
Lastly, Aetna has some senior supplement plans that would serve as viable additions to Medicare. This includes their Protection Series™ which offers virtually all of the same potential benefits listed above to seniors. Seniors are also eligible for Aetna whole life insurance, which is a form of final expense insurance.
Should I Buy Aetna Supplemental Insurance?
Aetna is a large company that operates under CVS Corporation. Both companies are well-known and seem to be trustworthy overall.
You can see above that Aetna is highly rated for financial strength. A.M. Best, Fitch, and S&P each have indicated that there are no major underlying financial concerns. Aetna also has a positive customer service outlook overall based on the available ratings.
Aetna’s NAIC Complaint Index suggests that the company fields a relatively normal number of complaints while the BBB rating indicates that those rates are resolved without many setbacks. In any case, Aetna appears to be worth investing in as long as you can get an affordable product.
How much is Aetna supplemental insurance?
The amount you pay will vary depending on the supplemental insurance policy you choose. For example, Aetna Medicare Supplement, one of the Aetna senior supplemental options, may cost less than Aetna MedSure™ for other individuals.
Aetna’s dental insurance appears to be relatively affordable based on the information available. They offer a few policy options that typically range between $20 and $45 per month. This depends on the coverage, deductible, and maximum usage.
There are many variables that make it difficult to predict how much you will pay for Aetna supplemental insurance. The best way to find out Aetna’s rates is to get quotes directly from the company. You will also want to compare their rates to other providers.
Aetna’s final expense insurance is at least a touch more predictable. You can see sample whole life insurance rates with Aetna below.
Aetna’s final expense insurance is priced fairly and is competitive with other industry competitors. Their final expense rates are typically a couple of dollars under the industry average each month, although it’s still worthwhile to compare rates from other competitors.
Options Besides Aetna Supplemental Insurance
Aetna does appear to offer some strong policy options, however, you do not want to put all of your eggs into one basket before doing a little research. Earlier, we highlighted some of Aetna’s group insurance options which mostly revolved around jobs that carry an inherent risk.
Many companies offer similar forms of insurance that could offer similar coverage and may be more affordable. Sometimes, even group life insurance sometimes does not cover all of your needs.
Aetna’s policies may be more geared towards covering medical expenses while you are still alive in the event that a major catastrophe occurs at work. What happens if you die?
It could be a good idea to invest in accidental death life insurance. This is an affordable way to get cheap life insurance coverage at a low price. If you were to be involved in a fatal accident at work, your beneficiaries would be provided a major death benefit on your behalf. This is just one option that could be worthwhile to consider in addition to an Aetna supplemental insurance plan.
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Aetna Supplemental Insurance: The Bottom Line
Buying supplemental insurance can truly help you financially if you have any unexpected medical expenses. Aetna is a reliable supplemental insurance provider that is rated highly and that seems to offer affordable products.
By now, you should know whether or not you should consider Aetna supplemental insurance. Before you go, take advantage of our free quote tool below to get instant rates from the top supplemental insurance providers near you.
