Marissa Hayes is a technical editor and contributing writer. She holds a Bachelor’s Degree in history, and she was the editor of the literary magazine, The Bluestone Review.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Car Insurance Agent Daniel Walker

UPDATED: Mar 13, 2022

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The Short of It

  • Aetna has been in business for over 100 years
  • You can purchase Medicare supplement plans through Aetna
  • Aetna is a subsidiary of CVS Health

No matter how cautious you are in your daily life, anything can happen. If you were to become involved in an accident or get sick, a visit to the hospital could quickly develop into a financial nightmare for those who don’t have cash to burn. That’s why one of the most important things to do before you travel is to have a solid health insurance plan in place.

Thankfully, Aetna can help you acquire comprehensive coverage to prepare you for anything that comes your way.

Continue reading this review of Aetna senior products to learn more about what this company has to offer you and discover if Aetna is the company that’s best suited to your coverage needs.

What is Aetna?

While the story behind Aetna’s creation is not as exciting as the history behind the wacky waving inflatable tube man, it is still important to familiarize yourself with it. Although Aetna is currently a CVS Health subsidiary, it was first known as the Aetna Life Insurance Company when founded in 1853. Today, the company is led by CEO Karen S. Lynch, and it has continued to thrive.

A titan in today’s insurance industry, Aetna’s network contains more than 20 million medical members, over 650,000 primary care physicians, and over 5,000 hospitals.

Aetna may be over 150 years old, but it has not remained stuck in the past. This company offers state-of-the-art tools to improve the overall client experience, like virtual chat and member login portals. These tools allow you to view your Aetna insurance plans or to obtain assistance with filing insurance claims at any time. It also has an A+ rating from the Better Business Bureau (BBB).

If you have questions or concerns about your Aetna policies, you can call 1-800-US-AETNA or send a letter to Aetna Inc., 151 Farmington Avenue, Hartford, CT 06156.

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Does Aetna offer senior products?

Aetna provides a comprehensive list of products for seniors, which include:

  • Medicare supplements
  • Complementary insurance products
  • Final expense insurance

With these products, you can remain fully protected from whatever may happen. Now, each one focuses on a different area of coverage, so let’s examine these products more closely to discover which Aetna product may be the best fit for you.

Medicare Supplements

Medicare is a federally funded program that is a cost-effective way to procure healthcare, but it doesn’t cover everything. However, an Aetna senior supplemental product can fill in those gaps. With Aetna Medicare Advantage plans, you can acquire coverage for Medigap Plan F, Plan G, and Plan N. You can review the rates and deductibles for an Aetna Medicare Advantage product below:

PlansMonthly PremiumsDeductible
PPO Medicare Advantage Plan$0 - $214$0 - $1,800
HMO Medicare Advantage Plan$0 - $178$0 - $1,180
HMO-POS Medicare Advantage Plan$0 - $33$0 - $500
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Individuals who want to alleviate as much risk as possible may be interested in Plan F, as it is the most comprehensive plan available. With this plan, you won’t have the concern of being left with any out-of-pocket expenses to pay.

Complementary Insurance Products

Health insurance is a wonderful tool that can help you obtain the medical care you need without breaking the bank, but some plans provide less coverage than others. That’s why the Aetna insurance company offers insurance products that can bolster your medical plan. For example, through the Protection Series, you can rest easy knowing that you will receive the care you need if you ever suffer from a heart attack or a stroke.

You can also acquire coverage for dental, vision, and hearing through the Aetna Protection series, but that’s not all that Aetna can do for you. If you ever need medical care in your home or have to schedule recovery care, the Protection Series has you covered.

Final Expense Insurance

You can also purchase final expense life insurance alongside Aetna’s health insurance products. Final expense life insurance is a whole life policy designed to help you provide funds for your loved ones. With this coverage, they use the funds they receive from the policy’s death benefit to help cover your funeral or memorial service.

While final expense insurance tends to be cheaper, the amount of coverage you can purchase isn’t very high. You can utilize this data table to determine how much an Aetna life insurance policy may cost you:

AgeAetna Average Monthly Preferred Class RatesAetna Average Monthly Standard Class Rates
45$26$30
50$27$37
55$34$44
60$41$51
65$48$62
70$58$77
75$76$98
80$101$140
85$137$220
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After purchasing your policy, educate your beneficiary on how to access your coverage and inform them of who to call if the worst should happen. Your beneficiary needs to know this information, so that they can claim the death benefit. Without this benefit, your loved ones will have to deplete their own bank accounts in order to pay for a memorial and funeral service. Like other aspects of the economy, such services are subject to inflation and, today, end-of-life services can easily exceed $10,000.

Can I add riders to an Aetna life insurance policy?

Just as there are auto insurance companies that allow modifications to policies, Aetna grants clients flexibility with their life insurance policies as well. Aetna’s life insurance product may seem simple at first glance, but it does offer these riders to enable you to customize your policy:

RiderRider Description
Accelerated death benefitProvides up to 50% of the death benefit early if a physician provides written documentation of a qualifying medical event or condition.
Accidental death benefitCustomers that buy coverage between 40 and 70 years old will receive double the death benefit for an accidental death.
Children’s term insuranceProvides coverage for children up to 25 with the value ranging from $2,500 to $10,000.
Portability riderEnsures that you can take your policy with you if you change jobs or retire.
Waiver of a premiumWaives payments if a disability impacts your ability to work.
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As you can see, an Aetna life insurance policy doesn’t have to be cut-and-dry. You can customize it to make it as unique as yourself. If you’re not sure if an Aetna life insurance policy is the right choice for you, you can shop online for free insurance quotes. Requesting quotes from at least three companies is a simple, yet effective, step that can allow you to compare quotes side by side.

Avoid merely focusing on the initial price tag when comparing quotes. Instead, examine what types of coverages are offered, along with the number of riders that you can add. Some companies offer riders free of charge, while others will be available at an additional cost.

Aetna Senior Products: The Bottom Line

With Aetna senior products, you can procure comprehensive coverage that empowers you to be ready for anything. In addition to increasing your health insurance coverage, you can also purchase life insurance through Aetna, along with Medicare supplement plans. While it’s in your best interest to compare free quotes from multiple companies before investing in a health or life insurance policy, Aetna could be a good option for seniors seeking all-around protection.