Continental Life Medicare Supplement Review
Continental Life Medicare Supplement Insurance Company, located in Brentwood, Tennessee, brought 50 years of experience as a private insurance company to its merger with Aetna in 2011. Established in 1983, the company now offers a wide array of Medicare Supplement policies (also known as Medigap) to help senior citizens cover the gaps not covered by Original Medicare.
Key Features of Continental Life Medicare Supplement Plans
- 3 Most Popular Plans: Plan F, Plan G, and Plan N.
- Vision & hearing discounts.
- Medigap has no network restrictions, so you can see any doctor who accepts Medicare.
- Eliminating or minimizing deductibles, coinsurance, and copayments can simplify health care.
Continental Life Customer Reviews and Ratings
Continental Life knows that all Medicare Supplement insurance plans are standardized and must provide the same Medicare benefits for the same letter plan regardless of which health insurance company sells the plan.
For this reason, each health insurance company that carries the name Continental Life Insurance Company goes the extra mile to provide superior, caring, and professional service to earn the right to be your health insurance provider.
With Aetna’s Continental Life Insurance policies, you will receive these benefits:
- Rate lock for 12 months
- A free look period for 30 days
- The ability to choose any doctor or hospital that accepts Medicare
- Some foreign travel coverage with most Medigap plans
- Guaranteed renewable lifetime
- Discounted household rates for you and your spouse
Because of all these excellent benefits, Continental Life Insurance Company has received the best rating an insurance company can receive.
The Better Business Bureau awarded the company an “A+” rating. In addition, the A.M Best Credit Rating Agency rated “A” for Financial Strength.
You can purchase your Medicare Supplement Plan from Continental Life Insurance Company with complete confidence that they will be able to meet their financial obligations to you in the future.
Continental Life Medicare Supplements Plan Options
Continental Life Insurance Company offers ten different plans:
- Plan A
- Plan B
- Plan C
- Plan D
- Plan F
- Plan G
- Plan K
- Plan L
- Plan M
- Plan N
Medicare Supplement Plan G
The current most popular Continental Life Medicare Supplement plan is Plan G. This is the most comprehensive Medigap plan available to Medicare beneficiaries becoming eligible for Medicare after January 1, 2020.
Medicare Supplement Plan G covers the following:
- Medicare Part A coinsurance and hospital costs
- Medicare Part B copayment or coinsurance
- First three pints of blood
- Hospice Care coinsurance
- Coinsurance for Skilled Nursing Facility
- Medicare Part B Excess Charges
- Medicare Part A deductible
- Foreign Travel Emergency benefits up to 80%
Plan G does not cover the Part B deductible ($226 in 2023), but it offers lower monthly premiums that may offset the cost of paying the yearly Part B deductible.
Medicare Supplement Plan F
Medicare Supplement insurance plan F checks all the boxes of Medicare benefits including the Medicare Part B deductible. The monthly premiums are somewhat higher than other Medicare Supplement insurance plans, but the comprehensive coverage made it the most popular of all Medicare Supplement insurance plans.
Unfortunately, Medicare beneficiaries who become eligible for Medicare after January 1, 2020, are not eligible for enrollment in Plan F unless they have Guaranteed Issue Rights due to circumstances like being covered by an employer-based health care plan or losing a Medicare Advantage plan.
Along with Medigap Plan F, a high deductible Plan F is available for Medicare recipients who would prefer to pay a significantly higher premium at the beginning of the year and then enjoy full coverage throughout the remainder of the year. The benefits match the standard Plan F except that the deductible amount in 2023 is $2,700.
Medicare Supplement Plan N
Continental Life Medicare Supplement Plan N is the third most popular Medigap policy. This does not mean it is a lesser plan than Plan F or Plan G. It depends on the policyholder’s individual needs.
Medicare Supplement Plan N offers excellent insurance coverage in all coverage gaps except for some copayments with doctor visits or Emergency Room visits, the Part B deductible, and Medicare Excess charges. All Part B coinsurance costs are covered under Plan N.
With Plan N health insurance, it is important to ask if the doctor accepts Medicare before making the first appointment. This will eliminate the problem of Medicare Excess Charges.
Are Continental Life Plans Available Near Me?
Continental Life plans F, G, and N are available in most states with specific coverage being determined by the insurance industry in the state.
As a member of Aetna, a CVS Health company, and Continental Life Insurance Company, Aetna offers different kinds of insurance to fill the needs of its customers.
Some insurance products they offer include Final Expense Whole Life Insurance, Medicare Supplement (Medigap) plans, Medicare Advantage plans (Part C), and Medicare Prescription Drug plans (Part D).
Continental Life does not sell directly to the customer. They ask that you talk with a licensed insurance agent who can help you match your plan with your medical and financial needs. You get the best of two worlds, the relaxed atmosphere of a small business with big business perks. Why not make Continental Life your insurance home?
Ready to Learn More?
Choosing the right Medicare Plan is not a decision that should be taken lightly. With Policy Guide’s assistance, you will have access to the knowledge and expertise of professional agents who can help you compare different health plans, quotes, and policies to ensure that you make an informed decision. Let us guide you through this process, so that your chosen plan best suits your needs.