While Aetna might be best known for their group health insurance coverage, they are also very competitively priced in the individual and family markets. Their policies are competitively priced for many different age groups – both young and older.
They offer several plans to choose from in most states. They have options with smaller deductibles that are more comprehensive as well as those with larger deductibles and lower monthly premiums.
For those who wish to add a tax qualified account to their insurance plan, health savings accounts are also available on certain plans. Additionally, dental insurance can be added to all plans at a low cost. Vision insurance is not available on individual and family plans at this time.
Aetna tends to be more competitive for those who are 40 years or older without dependents. Now that the Affordable Care Act has been implemented, applicants cannot be turned down due to poor health. Consumers must enroll during the open enrollment window if they have not experienced a qualifying life event however. And applicants can be rated up for tobacco use.
Health savings accounts offered by Aetna are an efficient way to reduce income taxes while also providing comprehensive individual and family insurance. And by law, all health savings account qualified plans must now cover preventive care before the deductible has been met. In fact, all health insurance plans must offer preventive care that is not subject to the deductible.
Contributions to a HSA can be written off subject to certain IRS yearly limits, will grow tax deferred, and can be withdrawn on a tax-free basis to pay for qualified medical expenses.
HSA contributions always belong to the insured and never the insurance company – even if the individual or family health insurance policy is later cancelled. Typically HSA qualified plans have lower monthly premiums in lieu of coverage for small incidental claims. HSA funds are designed to be used to cover most incidentals like doctor’s office visits and prescriptions before the deductible has been met.
Health savings accounts can be setup up through Aetna’s preferred bank or the financial institution of your choice. Some financial institutions will have a small setup or maintenance fee associated with a HSA plan, but not all. It is a good idea to shop around to avoid fees.
With their recent purchase of Genworth’s Medicare supplement book of business, Aetna is now a major player in the senior insurance market as well. (They also offer competitive Medicare Advantage plans in many areas as well.)
Genworth sold their policies through two separate entities: American Continental Life Insurance and Continental Life of Brentwood Tennessee. Both are now part of the Aetna family of companies. In some cases, this has resulted in the reduction of rates for new Medicare supplement business. In addition to the two companies listed above, Aetna still offers their own line of Medicare supplement policies as well.
Like almost all Medicare supplement policies, there are no preferred networks of doctors or hospitals, so purchasing an Aetna policy will give you access to any medical provider or facility accepting Medicare patients.
Typically, Medicare insurance policies are purchased direct through agents (like us) and cannot yet be purchased online or through website portals. Please contact us here if you are in need of a Medigap policy.
Using the link at the top of this page, you can view all Aetna health insurance plans (under age 65) and purchase individual and family coverage online and direct. We will be your broker of record. There is not surcharge for our services.
If you are looking for group health insurance, then please fill out this form.
If you would rather speak to an agent first, please use our convenient form below to request assistance.