blog image

Why AETNA Burial Insurance Is The Best For Seniors In 2024

February 15, 202412 min read

Every day, the market for AETNA Senior Supplemental products, in particular AETNA Burial Insurance, expands and reaches new heights.

The U.S. Census Bureau estimates that the proportion of Americans 65 and older in the overall population will increase from 13% in 2016 to 20% in 2050.

As a result, there has been an increase in recent years and will continue to be an increase in demand for solutions like AETNA Accendo Final Expense that are tailored exclusively for seniors.

Armed with this knowledge, numerous insurance providers have started looking into strategies to take a share of this market, especially given that seniors are sometimes less willing to entrust new companies with their money.

Even if the majority of senior insurance products are relatively specialised and might not directly appeal to younger groups, that doesn’t mean they aren’t worthwhile to learn more about.

What Is AETNA Senior Supplemental Insurance?

The American Continental Insurance Company, the main supplier of the burial insurance policies we shall discuss in today’s discussion, includes Aetna in its family of companies. They have been offering cost-effective life insurance coverage since 1861, and in November 2018, CVS Health purchased Aetna.

Health insurance provider Aetna Senior Insurance offers Medicare-eligible seniors medical coverage. You have a variety of alternatives with Aetna Senior Insurance, including Medicare Supplement, Part D, and PDPs.

Your prescription medications and medical care during unplanned hospital stays or ER visits will be covered by Aetna Senior Insurance.

Additionally, it provides Aetna ultimate expense whole life insurance protection for long-term care services and prescription drugs required by persons with chronic illnesses like diabetes, hypertension, mental incapacity, and high cholesterol. One of the greatest plans for people over 70 is this one.

An underwriter can choose between two basic options.

Simplified issue policies offer full first-day coverage, but you must answer some health-related questions.

As an alternative, guaranteed issue policies are available without asking about your health. To be eligible for this insurance, there is no medical exam necessary.

Guaranteed issue policies come with a two-year waiting period.

For the greatest benefit, regular Medicare insurance and the Medicare supplement plan offered by Aetna Senior Insurance are combined. It offers home health services provided by Home Health Resources as well as prescription medicine coverage (HHR).

Three Additional Benefits

For a slight additional cost, the Final Expense Preferred and Standard plans come with three riders.

Accelerated Death Benefit rider: 

If you have a qualifying medical event or illness, you may be eligible to receive up to 50% of your death benefit earlier. The minimum and maximum benefits are $1,000 and $15,000 respectively.

You must have a minimum life expectancy of 12 months. A medical condition that causes a critical disease, chronic illness, or terminal sickness qualifies as a qualifying event.

Children’s Term Insurance rider: 

Children up to the age of 25 will be covered for their educational and medical costs under the Children’s Term Insurance rider until they turn 25.

Each child must have the same level of coverage, up to a maximum of $10,000.

Accidental Death Benefit rider: 

In the case of an accident, this provision doubles the death benefit for those between the ages of 40 and 70.

What does AETNA Accendo Medicare Supplement plan include?

Medicare supplement plans, often known as Medigap insurance, can provide coverage for Medicare policyholders’ out-of-pocket expenses.

Medicare Part A and Medicare Part B are likely to have high deductibles, copays, and coinsurance.

As a result, Medigap plans are made to cover these costs after Medicare has paid its share of premiums.

Among Aetna’s final expense insurance plans, there are Plans A, B, F, G, and N, which include the same types of benefits as other insurance plans. Aetna’s senior supplemental plans include:

  • Nurse hotlines 24 hours a day.

  • Discounts on over-the-counter products.

  • Meal-at-home services.

Since these plans provide the same coverage, businesses compete on price and perks. Some plans also provide coverage for gym memberships and prescription mail-order services in addition to vision, dental, and hearing care.

The Medicare-related plans from Aetna provide you access to any medical professional who accepts Medicare, while you may spend less money if you select a professional who is in your network.

Which AETNA Senior Product Do They Offer?

The organisation offers a variety of health insurance policies that you, your family, or your workplace can select from.

As an alternative, you might open a health savings account (HSA), which enables you to put money aside tax-free for medical costs and insurance deductibles.

You must go to their website to learn more about all the possibilities. Here are some noteworthy points:

Extensive Provider Network:

A claims form is not necessary if you use a healthcare practitioner who is part of the large provider network.

Preventive Care:

Aetna insurance provides coverage for preventive care. As part of your coverage, you can also get yearly medical visits, immunisations, and other preventive care.

Family Plans:

No matter where you are, you can access care because to Aetna’s U.S. provider network.


Family health plans offer coverage for prescription drugs, doctor visits, hospital stays, and preventative maintenance for you, your spouse, and your children if they are eligible.


With Aetna’s HSA (Health Savings Account), you can make financial contributions to cover your health insurance plan’s deductible or other medical expenses.

Why Do You Need AETNA Senior Supplemental Insurance?

Knowing what Aetna Senior Insurance covers will help you better appreciate why you require it.

Your parents, grandparents, and other family members who rely on you financially can be safeguarded with Aetna Senior Insurance.

The insurance plan pays for costs associated with their medical need, such as hearing aids.

If necessary, it can pay for the expense of nursing home care as well as hospice care services.

Additionally, it offers ongoing coverage for some long-term care (LTC) services, such as home health care or adult day care, that are generally covered by Medicaid or Medicare.

The supplied final expense plans are designed to pay for the costs connected with a person’s passing.

The level death benefit plan pays its entire bought face value upon death. A whole life insurance policy builds up cash worth that can be used for loans later in life.

Only use the cash value from a small whole life policy for unexpected expenses. If you don’t pay it back, the death benefit awarded to your beneficiary will be reduced by the amount you owe.

How does AETNA rate?

The Aetna senior supplementary insurance firm receives A+ ratings from the BBB. Aetna’s supplemental plans and A.M. Best are managed by the Aetna Health and Life Insurance Company.

Its long-term issuer credit rating of A demonstrates that it can pay off its long-term debt without delay.

Additionally, it has an A grade, indicating that it can easily satisfy its financial obligations, such as paying claims.

Aetna Life Insurance Company’s NAIC complaint index of 1.52 suggests that customers may be dissatisfied with the company’s customer service, claims handling, or other issues.

According to the National Funeral Directors Association, the average cost of viewing and burial in 2019 was $7,640. Rates for life insurance companies differ based on gender.

As a result of her higher life expectancy than a man’s, women typically pay less for life insurance.

Women pay lower premiums for life insurance since they are less of a risk for companies to insure just based on their gender because they live longer.

AETNA Accendo Final Expense Insurance Review

Aetna final expense life insurance is a part of their senior supplemental insurance plan. The coverage is issued by two related life insurance businesses of the business.

The Continental Life Insurance Company of Brentwood and the Accendo Life Insurance Company (ACC) (CLI)

The Accendo medical plan was developed in collaboration with Accendo by CVS Health. Over 85 and up to age 89 are covered under this plan.

All Accendo applications and policies display CVS Health. Different underwriting and pricing are available with ACC and CLI plans. The same discount is offered by Aetna Medicare supplement plans.

They are regarded as one of the best burial insurance providers, above all. because to their lax underwriting policies for conditions like sarcoidosis.

This is due to two factors: First, they provide senior adults over the age of 80 with final expense life insurance. Second, unlike other insurance firms, they accept a wide range of health conditions.

You don’t have to wait to receive coverage for issues that would otherwise get you turned down with Aetna.

One of the greatest possibilities is this life insurance policy. There is no reason to purchase from carriers like Open Care because their goods are worse.

AETNA Senior Insurance Cost

The age at which you become eligible for the modified death benefit plan determines how much your Aetna senior insurance will cost. For instance, a 65-year-old would spend $1,750 in premiums per year.

They will provide you with a monthly credit card statement to demonstrate your eligibility if you are over 65.

The premium cost varies depending on your age and medical history, among other things. Your premium will increase if you have more chronic problems.

Purchasing a coverage via Aetna will be less expensive if you do not have any pre-existing conditions and are under 65 years old and in good health.

How Do I Get AETNA Senior Supplemental Insurance

One of Aetna’s most well-liked Medicare supplement insurance options is Aetna Senior Insurance. It is a Medicare Part D prescription drug plan that provides coverage for anyone over 65.

Before applying, there are a few things you should be aware of if you’re interested in Aetna Senior Insurance.

Your standard Medicare coverage and the senior health insurance plan from Aetna can be used in conjunction with one another.

Consider the case where you already have a Medicare Advantage coverage (such as an HMO or PPO).

If so, they will collaborate with them to fill your prescriptions and offer additional services like colonoscopies and preventive care like mammograms.

AETNA Senior Advantage plan

The Aetna Senior Advantage plan offers many benefits, such as:

The plan doesn’t have a deductible.

There are a variety of healthcare providers available to you, both in-network and out-of-network.

Preventive care, including mammograms and annual physicals, is available without charge.

There are numerous applications for the policy’s Cash value Growth feature. For example, you can use it to pay your premiums or buy a long-term insurance policy.

This choice will give you more flexibility while decreasing the likelihood that your insurance may lapse.

Prescriptions filled at your doctor’s office or pharmacy do not require a copayment, but other types of care will cost you money.

During the waiting time, Aetna will pay out your entire death benefit if you pass away as a consequence of an accident. Your premiums will be refunded in whole, or 100%.

You are eligible for their modified plan if you are 75 years of age or younger and do not currently have or have never been treated for any “knockout” conditions.

You can incur out-of-pocket costs if you use a prescription medication without a prescription.

Your drug formulary and whether you’ve been taking the medication consistently or not will determine how much.

Additionally, certain medications cost extra if you use them in excess of recommended dosages or frequency.

Is AETNA Senior Insurance Worth It?

Seniors who wish to safeguard their assets and income might consider Aetna Senior Insurance. The plans’ flexibility lets you pick the level of coverage you require and the price you want to pay for it.

The business provides several programmes that can be customised to meet your goals and financial constraints. Medicare Supplement or Medigap are the two insurance options you have; you can also combine them with Aetna’s Long-Term Care Insurance Plan.

Other advantages provided by Aetna include life insurance, additional health insurance, and medical malpractice insurance.

You can choose to add prescription drug coverage, but you risk losing out on discounts if you use any medications for which Aetna does not offer prescription drug coverage.

How Do I Make a Claim With AETNA Senior Insurance?

Although every policy is unique, you may usually submit a claim to Aetna Senior Insurance by phoning their customer service line.

They will enquire about the incident in general and give you an idea of how much the claim would cost. If the assessment fits within your spending limit, you can accept it or reject it and submit a claim.

Additionally, you ought to speak with your physician to see if they have any documentation of the illness or injury that prompted the issuance of the life insurance policy on you.

If such is the case, you must provide those records in addition to any other evidence that might aid in deciding how much of your claim to authorise for payment.

In order for them to determine any potential future claims, you should also give documentation of any medical care that was required after the injury or illness happened.

AETNA Contact Information

The general contact number for Aetna is (855) 335-1407. The 800 358-8749 number is only for its additional insurance plan.

An authorised life insurance agent from our company focuses on the underwriting specialties for all burial insurance providers.

Regardless of your modest health problems, the agent’s objective is to find coverage on the day of your death.

If they can’t get you coverage on the day of your death, helping you receive the finest coverage possible will be their top priority.

However, you can dial a specific number if you’re seeking for a new plan. The general number mentioned above should be called if you want to purchase Medicare Advantage.

Aetna Inc. offers a contact form on its website in addition to a mailing address at PO Box 14088, Lexington, KY 40512.

Final Thoughts

One of the most well-known companies offering health insurance in the US is AETNA. They also provide a variety of senior plans, ranging from basic protection to all-inclusive care.

We have examined AETNA’s final expense offerings for 2022 and what to anticipate from their plans in this piece. Get a quotation from today if you’re seeking for health insurance coverage.

Diabetic Insurance Solutions

Back to Blog

Copyright © 2008-2024 By